- 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.
Wednesday, July 20, 2011
UNKEPT PROMISES - 11 jun 2011
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