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Police raids on financial frauds in the city
Hyderabad city police are now concentrating on the financial fraud organizations.
HYDERABAD: Hyderabad city police are now concentrating on the financial fraud organizations. They recently raided on several illegal financers in the city during which the South Zone police arrested 58 financiers following complaints from the victims. Since the time the special drive started, police has booked 46 cases in the past one-and-half weeks.
Falaknuma Chand Pahalwan’s son Mohammed Maseeh and Zafar Pahalwan’s sons Mohammed Ali and Mohammed Syed are among those arrested, said South Zone DCP V. Satyanarayana.
“He had taken Rs 2 lakh from the financiers two years ago, and had returned around Rs 8 lakh over time. However, the accused demanded Rs 20 lakh,” said Mr Satyanarayana. The accused used the name of Chand Pahalwan and kept on extorting money.
