Hyderabad police arrested Vuppalapati Satish Kumar and Shilpa Banda for allegedly defrauding investors of Rs. 23 crores by promising high returns through a company. The couple had created multiple shell companies and fled, later apprehended in Karnataka.

Hyderabad: The Hyderabad CCS police on Saturday arrested a couple who had allegedly cheated several persons of crores of rupees on pretext of huge profits on investments in a company.

The arrested are Vuppalapati Satish Kumar and his wife Shilpa Banda.

According to the police, Satish and Shilpa had floated a company and lured people into making investments in the company and assured huge profits.

A doctor from the city believing them invested huge amounts of money in the company of Satish and Shilpa. After collecting money from the do

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