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Two bizmen held for dealership fraud in Hyderabad

Two bizmen held for dealership fraud in Hyderabad

Posted On : Wednesday, May 29, 2019, 9:24 AM
The Detective Department sleuths on Tuesday arrested two persons for their alleged involvement in a cheating case. According to the police, Santosh Alluri Varma, managing director of My Own Eco Energy Private Limited, Mumbai, and Sarika Shinde Aniruddha, along with others, had cheated a person after collecting Rs 1.40 crore from him on the pretext of providing dealership for bio-diesel fuel stations across Telangana and AP. The company collected Rs 9 lakh to Rs 15 lakh as deposit and taken bank guarantees for Rs 21 lakh to Rs 30 lakh from the victims. After the receipt of the amount, the company failed to provide related equipment and infrastructure, and supply fuel to the victims.
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