UNKEPT PROMISES - 11 jun 2011

• It is alleged that Masood has cheated around 64 investors to the tune of Rs73 lakh by making false promises of giving them high returns on their investment
• The victim had invested in Combo-Offer in Masood’s company wherein they were assured returns on car-rental and plot-rental scheme 
• The officers said that the investors from Chennai, Hyderabad, Delhi, Rajasthan and Bangalore were also
  duped as they too had invested their hard-earned money in Masood’s company
• Masood was held in Bangalore on Friday and was brought to the city on Saturday. He is presently under
  police custody till July 15, said the police.