2 months ago
2
ADILABAD
The Adilabad constabulary person arrested managing manager of Hanamkonda-based Akshara Chit Funds Private Limited Perala Srinivasa Rao, for allegedly cheating respective depositors by defaulting the chit amounts to tune of ₹1.11 crore successful Adilabad town.
Giving the details of the apprehension astatine a property league successful Adilabad precocious connected Tuesday afternoon, Superintendent of Police Akhil Mahajan said arsenic galore arsenic 12 cheating cases were registered against the accused astatine Adilabad two-town constabulary station.
“The accused cheated 12 depositors without returning the chit amounts contempt the expiry of the stipulated maturity period. He had been absconding for the past six months,” the SP said.
He was arrested by a peculiar constabulary squad connected Monday based connected method evidence. He was produced earlier a section tribunal and remanded successful judicial custody.
As galore arsenic 96 cheating cases were registered against the accused for defaulting the chit amounts successful antithetic constabulary stations successful assorted parts of the State.
