In Hanamkonda, a four-member gang running an illegal chit fund was arrested. Police seized cash, gold and documents. Over 28,000 people were cheated of Rs 11.39 crore. Police have frozen Rs 5.48 crore and urged public caution
Hanamkonda: In a joint operation by the Task Force and Palakurthi police, a four-member gang that was allegedly cheating the public under the pretext of high returns was arrested.
Police seized Rs 5.92 lakh, 684.5 grams of gold coins, 150 grams of gold ornaments, a car, mobile phones, a laptop, receipt books, a cash counting machine, cheque books, stamps and documents related to agricultural lands and house plots. The accused, Teppali Saidulu, Podila Suresh Kumar, Podila Sridhar of Suryapet and Manubothula Ramakrishna of Krishna district in AP, were running their o