The cops recovered Rs 8 lakh, two laptops, two cell phones and 28 static phones from them
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Hyderabad: A two-member gang which cheated hundreds of people by offering cheap loans and collected nearly Rs 2 crore from them was arrested by the police on Thursday.
The cops recovered Rs 8 lakh, two laptops, two cell phones and 28 static phones from them. Manish Tandon and Puneeth Mukhija, both businessmen from Delhi, started cheating people after they incurred losses in their business.
Hyderabad joint police commissioner T. Prabhakar said Manish is the managing trustee and Puneeth the floor leader of Priyansh Foundation, Dial Easy Network and Care India Foundation.
Employees of Dial Easy Network dial random mobile numbers and offer loans. Interested customers will be asked to deposit Rs 15,000 to Rs 5 lakh as processing fees, RBI charges etc. in the accounts of Money Cash Solution, Union Value Services, Vinner 10 International, E Web and Stream Technol-ogies operated by Manish and Puneeth.
“The money is withdrawn. Manish takes 70 per cent, Puneet 10 per cent and the employees get 20 per cent,” said Mr Prabhaker.
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( Source : deccan chronicle )
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