Hyderabad: 2 Alleged Con Men Arrested For Cheating 2,000 People

Two men were arrested on Friday for allegedly cheating around 2,000 people of Rs. 9 crore by offering them club and holiday memberships and holiday packages. Posing themselves as 'Managing Directors', the two set up 'Fortune Group of Estates and Services' in June 2017 and hired around 30 people to cold call potential victims and tell them they had won gifts, according to news agency PTI.

The people who would fall for the bait would then be asked to attend seminars or go to hotels to collect



prizes. They would then be convinced to take memberships and make payments.

Apart from club and holiday memberships, the firm would offer potential victims plots of land, health club memberships and passes to resorts, according to news agency PTI.

Acting on a tip-off, Hyderabad police's Commissioner's Task Force raided the firm's office in the city's Khairatabad area and arrested the 'managing directors', Shaik Khadar Basha and Panaganti Vijay Kumar, according to an ANI report.