ADD ANI AS A TRUSTED SOURCE
googleads
Menu
General News

Warangal: Multi-level marketing racket busted, accused arrested

Warangal (Telangana) [India], Feb 2 (ANI): The Matwada police of Warangal division on Saturday busted a multi-level marketing racket here running to Rs 1.8 crores and arrested an accused person for allegedly cheating the public under the guise of Reliance Securities Private Limited.

ANI Feb 02, 2019 22:17 IST googleads

Representative Image

Warangal (Telangana) [India], Feb 2 (ANI): The Matwada police of Warangal division on Saturday busted a multi-level marketing racket here running to Rs 1.8 crores and arrested an accused person for allegedly cheating the public under the guise of Reliance Securities Private Limited.
The accused, Arun Kumar, was arrested for running the bogus multi-level marketing, in which he cheated around 200 depositors.
The suspect with an intention to cheat the common people and thereby for illegal gains, took the franchise of Reliance Securities at Warangal branch in the name of A2 N Ramu and engaged some agents and created bogus stamps, receipt books and other forged documents.
The police registered a case under Sections 120(B), 419, 420, 468, 471, 409 IPC and Section 5 of Telangana Protection of Depositors of Financial Establishments Act 1999 and arrested the accused.
A net cash amount of Rs 6 lakhs, vehicles, a laptop, a CPU, a printer and three mobile phones were seized. (ANI)

Get the App

What to Read Next

General News

Indian Railways strengthens parcel freight logistics with new app

Indian Railways strengthens parcel freight logistics with new app

The Ministry of Railways has implemented a multi-pronged strategy to enhance freight efficiency, ensure seamless regional connectivity, and provide robust first-and-last-mile solutions. Key initiatives include the launch of the 'Rail Parcel' app-based logistics platform on a pilot basis, the expansion of the Joint Parcel Product - Rapid Cargo Service (JPP-RCS), and significant investment in terminal infrastructure across the country.

Read More
General News

2 apprehended for manufacturing, selling adulterated ginger paste

2 apprehended for manufacturing, selling adulterated ginger paste

The arrests followed a police raid on March 11, after authorities received reliable information about the use of harmful ingredients in violation of food safety regulations. The individuals were operating under the names "SEVEN COOKS" and "Arjun Enterprises".

Read More
General News

KTR warns of business closures over LPG crisis

KTR warns of business closures over LPG crisis

According to a post by BRS on 'X', KTR warned that the shortage is severely affecting hotels, eateries, hostels and small food businesses. The letter cautioned that thousands of establishments could be forced to shut down, while lakhs of workers and students may face serious hardship if the LPG supply is not restored immediately.

Read More
General News

IAF chief AP Singh undertakes MiG-29UPG sortie

IAF chief AP Singh undertakes MiG-29UPG sortie

Indian Air Force (IAF) Chief Air Chief Marshal AP Singh on Thursday flew MiG-29UPG multi-role aircraft solo sortie from one of the frontline fighter bases of India, and reviewed the operational preparedness of a base in Western Air Command.

Read More
General News

CBI issues court notice to K Kavitha in Delhi liquor scam case

CBI issues court notice to K Kavitha in Delhi liquor scam case

Telangana Jagruthi President K Kavitha received a notice by the Central Bureau of Investigation (CBI) on Thursday in connection with the alleged Delhi liquor scam case.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.