Hyderabad Police Arrest Key Accused in Investment Scam
Hyderabad police have arrested a key person involved in a major investment scam run by the “We Own Infra Group.” The accused was taken into custody by the Economic Offences Wing of Cyberabad police for allegedly cheating investors with false promises.
The scam involved a fraudulent buy-back scheme in Kukatpally, where people were lured into investing their money with the promise of high returns. However, after collecting funds, the company failed to return the promised profits, leading to financial losses for investors.
The police launched an investigation after multiple complaints were filed by victims. During the probe, officials discovered that the company was operating a Ponzi scheme, where money from new investors was used to pay earlier investors, rather than generating actual profits.
Authorities have warned people to be cautious about such investment schemes and to verify the credibility of companies before investing their money. Further investigations are ongoing, and more arrests may follow as police continue to gather evidence.
