Hyderabad man held for cheating public of Rs 8 crore on pretext of huge profits

Vijaya Kumar, a resident of Vijayawada, started



the companies and lured the people with “buyback and pre-launch schemes” and other investment schemes. “Vijaya Kumar executed the agreement of sale, MoU and sale deeds in favour of the victims to make them believe that their investment is legally valid. He later duped them,” said the police.