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Trickster builder arrested in Hyderabad

Trickster builder arrested in Hyderabad
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Trickster Builder Arrested In Hyderabad. A cheater builder who made purchases of iron rods worth 13cr on debt and not paid dues to the shop owners has...

Ramgopalpet: A cheater builder who made purchases of iron rods worth 13cr on debt and not paid dues to the shop owners has been arrested by Mahankali police station on Friday.

The said slippery customer (builder), Murarishetty Lakshman Gupta visits the iron shops in appealing robes and introduces himself as a big builder. He purchases steel in huge quantities. Once or twice he pays the amount in cash. Sometimes he pays more cash in advance. After he wins their faith, he buys iron rods in heavy quantities on debt, according to CI Satyanarayana.

The accused has established an office at Ranigunj in Hyderabad on the name of Alankruta Steel Traders for the supply of iron rods. He gives build up as if he is a huge builder. He makes sales of the steel rods purchased on debt at a lower rate to others. He cheated many dealers for an amount approximating Rs 13cr. The dealers whom the accused have cheated include Durga Enterprises in Ranigunj, Proddutur Steels and various dealers in Neredmet, Balanagar, Rajendra Nagar in Hyderabad.

When the dealers realize that the cheques issued by Gupta are not valid, he escapes from them. If at all someone finds him some how, he blackmails them. The Mahankali police filed 3 cases on him and sent for remand on Friday.

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