Man held for cheating businessman
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The Central Crime Station police of Hyderabad arrested Raman Ramesh Babu from Coimbatore in Tamil Nadu for cheating a city-based businessman to the tune of ₹4.43 crore.
Police said that in December 2019, Daniel Solomon of M/s. Arpitha Diagnostics at Habsiguda, his partner Dr. Arphita approached Astler Medicss business manager R. Ramesh Babu for supply of GE 1.5 Tesla Supercon MRI equipment.
Babu agreed to supply the said equipment and they paid him ₹4,43,10,000 after availing loan from the Bank of Maharashtra.
But, the accused Babu failed to supply the equipment with malafide and dishonest intention to cheat the complainant firm and caused huge loss, Joint Commissioner of Police (Detective Department) Avinash Mohanty said.