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Hyderabad: Police bust investment racket led by Chinese kingpins
By IANS |
Published on
Mon, Feb 8 2021 16:33 IST |
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Crime. Image Source: IANS News
Hyderabad, Feb 8 : Cyberabad Police on Monday claimed to have busted a racket led by two Chinese nationals as kingpins that cheated people across India by enticing them with huge returns on investments.
Three accused have been arrested in the case while the search is on for the absconding accused including the Chinese nationals.
The economic offences wing of Cyberabad Police busted the racket being run in the name of Shared Bike (BK) / Sharing Economy .
Cyberabad Police Commissioner V.C. Sajjanar told reporters that the accused cheated around 20,000 people all over the country to the tune of Rs 50 crore.