Hyderabad Engineers | Hyderabad, Nov. 13: Two software engineers have approached the Hyderabad Central Crime Station (CCS), alleging that they were cheated of ₹1.59 crore on the promise of high returns from a business venture.
According to their complaint, Machireddy Sai Venkata Manoj Kumar introduced his friend Chirag, CEO of Webcorps, to them. Manoj Kumar allegedly claimed that his mother operated a company in Visakhapatnam providing security personnel, labour and laundry services to Aurobindo Pharma.
He reportedly promised the complainants a share of the profits generated through these services. The victims, identified as Repalli Achyuth of Begumpet and Pujari Lokesh of Sanathnagar, subsequently invested money.
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Initially, Manoj Kumar allegedly made some payments as profits to gain their confidence. Trusting his assurances, the two engineers invested a total of ₹1.59 crore.
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The complainants alleged that Manoj Kumar later avoided their repeated demands for repayment and stopped making payments.
They also claimed that several other people had fallen victim to the same alleged investment scheme.
The complainants accused Manoj Kumar, his wife Mounika and Thani Nalini of involvement in the alleged fraud.
The Hyderabad CCS has registered a case and launched an investigation into the allegations.
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