Held for ‘duping investors of Rs 100 cr’

Hyderabad | Wednesday | 18th January, 2017

Summary:

He had impressed prospective investors and industrialists with the offer of providing finance to solar power projects. more-inA man from Tamil Nadu, who had duped several prospective industrialists of nearly Rs. 100 crore with offer of ‘solar energy business opportunity’, was arrested by Hyderabad police on Tuesday. Nearly 40 of his victims from Delhi, Telangana, Andhra Pradesh and Tamil Nadu had created a WhatsApp group to coordinate and ensure that he was behind the bars. He had maintained that the company was into installation of solar power projects and had many patents to its credit, Hyderabad Additional Commissioner of Crimes, Swati Lakra, said at a press conference..