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Cheating Gang dupe public of 12 crores in the guise of providing gold at 10% discount

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Published on Jul 5, 2013

http://www.newswala.com: On 03-07-2013 accused Smt Jogannagari Aruna Reddy W/o Late Sri J.Madhusudha Reddy, age: 42 yrs, Occ: Business R/o Hubsiguda, Hyderabad, Chittadi Narasimha Reddy, S/o Malla Reddy, age: 62 yrs, Occ: Business, R/o Ramananthapur, Hyderabad, Syed Mumtaz Ahmed S/o Syed Ahmed, age: 62 yrs, Occ: Business R/o Saidabad, Hyderabad, Babu Chari S/o Jangaiah Chari, age: 40 yrs, Occ: Gold Smith, R/o Begumbazar, Hyderabad were arrested in connection with the cheating the general public in the guise of providing gold, steel at a 10% less rate than the market value and for duping the victims to the tune of about 12 crores.

On the complaint of Smt P. Lakshminancharamma and others stating that one Smt Jogannagari Aruna Reddy W/o Late Sri J.Madhusudha Reddy, age: 42 yrs, Occ: Business R/o Hubsiguda, Hyderabad and Chittadi Narasimha Reddy have cheated several innocent public in the guise of providing gold at a 10% less rate than the market value and collected crores of rupees from them and after collected the money they failed to give the gold and absconded. Basing on the complaint a case in Cr.No.83/2013 U/s 406,420, 120(B) IPC on 04-06-2013 at CCS.DD. Hyderabad and investigated in to.

So far investigation conducted in this case revealed that the Smt Jogannagari Aruna Reddy W/o Late Sri J.Madhusudha Reddy, age: 42 yrs, Occ: Business R/o Hubsiguda, Hyderabad has collected money from the following persons in the guise of providing gold and steel at a 10% less rate than the market value and duped them to the tune of crores of rupees. Several victims are yet to approach the police.

SL.NO NAME OF THE INDIVIDUAL AMOUNT RECEIVED FOR THE PURPOSE OF PROVIDING GOLD AT CHEAPER PRICE AMOUNT RECEIVED FOR THE PURPOSE OF PROVIDING STEEL AT CHEAPER PRICE TO WHOM THE MONEY WAS GIVEN

1 Smt Lakshmi Nancharamma Rs.50,00,000/- Subject matter of Cr.No.261/2010 of P.S.Panjagutta
2 Sri Kommidi Sanjeeva Reddy R/o Chikkadapally, Hyderabad Rs.,1,70,00,000/- Rs.40,00,000/- -
3 Sri Nakkala Sridhar Reddy R/o Chikkdapally, Hyderabad. -. Rs.30,00,000/- -
3 Sri Y.Krishna Reddy R/o Medipally, Hyderabad Rs.47,00,000/- - -
4 Sri Anji Reddy R/o Uppal Rs.1,70,00,000/- - -
5 Sri Sudhakar Reddy (Retd DSP) R/o Banjara Hills, Hyderabad Rs.1,14,00,000/- - -
6 Sri G.Malla Reddy R/o Maseedguda, Ghatkeswar Mandal Rs.5,00,000/- - -
7 Sri Satyanarayana Reddy Addl.S.P. Retd R/o Lakadikapool, Hyderabad Rs.26,00,000/- - -
8 Sri Ravinder Reddy R/o Padmaraonagar, Secunderabad Rs.20,00,000/- - -
9 Smt Madhavi R/o Uppal Rs.9,00,000/- - -
10 Sri Venkateswara Reddy R/o Kothapet, Hyderabad Rs.15,00,000/-, - -
11 Sri Ratnakar, R/o Warrangal Rs.38,00,000/- - -
12 Sri Mallesh R/o Kisara, Rs.13,60,000/- - -
13 Sri Venkat Reddy R/o Adhibhatla Rs.25,00,000/- - -
14 Sri Venkatrami Reddy R/o Alwal Rs.70,00,000/- - Rs.70,00,000/-
15 Sri Krishna, Sri Balram reddty and Narasimha Reddy Rs.2,00,00,000/-
TOTAL Rs.7,25,60,000/- Rs.70,00,000/- Rs.70,00,000/-
GRAND TOTAL Rs.8,65,60,0000/-

Further it is revealed that the said Smt Aruna Reddy along with her henchman threatened the victims who approached her for repayment with dire consequences. Similarly she dupes several public in the name of providing land to them by claiming that she is a land lord and having several Acres of land in her name. She paid part money to the following land lords and collected the original land documents and mortgaged the documents with third parties for safe custody and some of the documents she mortgaged and received money from them. She has collected total an amount of about 12 Crores from the public and paid some amount as advance for purchasing the lands in and around Hyderabad city. The matter is under probe. The identity of the persons who assisted in her crime and the persons who threatened the victims will be is being ascertained from the accused during her police custody. So far it is revealed that one Mumtaz, Narasimha Reddy, Panduranga Reddy, Shivaraj, Lakshmi, Hyder, Venkat Rao, Chari, Ommer Qadri and Satyanarayana have actively involved in this crime. ..

Advisory to the Public:
1. Please do not fall pray to the offers by fraudsters of selling gold, silver and steel and lesser price than market price.
2. Please verify the credential of the individual before handing over the money to them.
3. No one can sell the gold, steel or steel at a cheaper price than the market price unless he is cheating some one.
The case is being investigated by Sri J.Rama Rao, Asst. Commissioner of Police, East Zone, WCO Team IV, V, CCS.DD. Hyderabad under the supervision of Sri L.K.V.Ranga Rao, Dy. Commissioner of Police, Detective Department, Hyderabad.

Author: Rayees Azam

For more information and updated news please log onto www.newswala.com

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