Kandula Srinivas Rao started a company ‘Well Vision Group of Companies’ and lured people into investing in the business
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Hyderabad: The Cyberabad police on Tuesday arrested a man for allegedly cheating and duping people on pretext of offering huge profits on their investments.
Kandula Srinivas Rao, (44), a native of Andhra Pradesh started a company ‘Well Vision Group of Companies’ and lured people into investing in the business. He collected Rs 14 crore from 200 members and later duped them, said Cyberabad police.
The Economic Offences Wing of Cyberabad police on a complaint registered a case and arrested Srinivas Rao. He was produced before the court.
