The Hyderabad Deccan English Daily


Illegal Activities Of Money Circulation Scheme



Hyderabad, August 11(Hyderabad Deccan News): The Commissioner's Task Force, North Zone team on 11-08-2011 conducted a surprise raid on Gurudeva Infra Developers India Pvt Ltd, Street No.5, Habsiguda, Hyderabad. They were carrying out a high profile campaign and luring gullible public with a promise to make them rich over night through money circulation schemes and apprehended three accused. Seized One Toyota Fortune car, Four Laptops, Nine Computers, 10 Hard disks, Land documents, 95 Cell Phones, Rs. 11 Lakhs and Bank Accounts worth Rs. 1.9 Crores Frozen.
Names of the accused:
1) Nandi Srihari s/o N. Narayana, age. 47 yrs, Occ: Chaiman of Gurudeva Infra India Pvt Ltd, r/o 1-4-881, G-2, Chakkilam Ayesha Mansion, Gandhi Nagar, Hyderabad
2)Tekula Mukthi Raj s/o late T. Adivaiah @ Narsimha, age. 44 yrs, Occ: Director for Gurudeva Infra India Pvt Lte, r/o 1-6-174/A/B, Gangaputra Colony, Musheerabad, Hyderabad
3)Bairu Baburao s/o B. Ramanadham, age. 44 yrs, Occ: Director in Gurudeva Infra India Pvt Ltd, Habsiguda, Hyderabad, r/o 1-4-113, Bholakpur, Hyderabad /4, Sneha Nagar Colony, Street No.8, Habsiguda, Hyderabad
Details of the accused :-
Nandi Srihari is native of Hyderabad. He passed SSC. In the year 1990 he started Electro Plating industry in Musheerabad and closed the business due to losses in the year 1995. Again in the year 1997, he started a Garment industry in Musheerabad and closed the business in the year 1997 due to heavy losses. Then, in the year 2000 he entered real estate business.
Tekula Mukthi Raj is native of Hyderabad. He discontinued education after failing SSC. He did Fish business in Musheerabad till 1992 and closed due to heavy loss. Then he entered real estate business. He is purchasing and selling the open plots in different places in and around the city.
Bairu Babu Rao is native of Hyderabad. He did Diploma in Painting in Marredpally Government Polytechnic. He entered real estate business in the year 1991. He was selling the plots on commission basis in Sri Chandra and Sri Nidhi real estates.
Details of Case:
Due to recent scenario of separate of state issue in the state, there is real market is stagnated. There is no buying and selling of lands of plots with which many realtors, agents and other dependents in this business are facing severe financial problems.
In order to make easy money in an illegal way, the accused started multi level marketing / money circulation business under the guise of a real estate business and opened an office on the name of Gurudeva Infra Developers India Pvt Ltd at Habsiguda, Hyderabad. They lured gullible public especially of middle class by stating that, they could became rich over night through money circulation schemes through attractive captions and enrolled nearly 38000 members into multi level marketing.


2011-08-11






Comments


No comments yet! Be the first one to leave a comment.


Add Comment

Name:
Email:
Comment:


Latest Videos:
Hyderabad Lok Sabha Candidate, Dr Lubna of Aam Aadmi Party addressing the press Advocate Jaya Vindiya MLA candidate Yakutpura inaugurated office
Aam Aadmi Party leaders sweeping the roads in Mughalpura Asaduddin Owaisi\'s door to door campaigning for election 2014 in Mallepally

Related Articles:

CID cautions public against joining Amway ..
Police Department Cautions Public not to join the AMWAY as the busin ..
Investigations by Serious Fraud Investigation Office ..
Inter-Ministerial Group on Multi Level Marketing Companies ..
Cabinet approves R&D in water sector ..
Home Minister P Sabitha Indira Reddy admits of illegal clubs in city ..
SEC directions not implemented by Officials: Election Watch Front ..
Amway India CEO, directors arrested ..
Rajasthan Govt triggers a controversy : Sportspersons sign affidavit ..
Surprise check conducted on integrated and RTA check posts by Anti C ..

Illegal Activities Of Money Circulation

Hyderabad, July 8(Hyderabad Deccan News): The Commissioner's Task Force, North Zone team on 07-07-2011 conducted surprise raids on two franchises in

One more illegal financer nabbed by Hyderabad Police

Hyderabad January 30/2012 (Hyderabad Deccan News) : The Dabeerpura Police nabbed one Money lenders by name: K. Laxminarayana, S/o Late K. Damodhar, ag

Cell Phone theft Gang Arrested

Hyderabad, June. 2. 2010 (Hyderabad Deccan News) : The Kanchanbagh Police arrested two Youth Amjad Khan and Shaik Abid both residents of Ghousenagar,

Puttaparti Swiss Bank or Stuartpuram?

Hyderabad, June 20: Puttaparti which was called the abode of the God himself as long as Satya Sai Baba was alive, is now being understood by the world

Over Rs 57 cr misappropriated in job scheme

Hyderabad, March 25 (THDa€ˆNews): The Rural Development Minister, Mr Vatti Vasantha Kumar, on Thursday disclosed in the Assembly that a whopping am

BJP govt shielding illegal miners: Congress

Hubli, May 1: Opposition Congress in Karnataka today charged the Yeddyurappa-led BJP Government with protecting those including ministers allegedly i

Dabeerpura police arrested one Illegal Financer

Hyderabad February 03/2012 (Hyderabad Deccan News) : The Dabeerpura police arrested one Money lenders by name Syed Akber Hussain, S/o. Late Syed Zawar

State turned into mafia den under Cong rule: Babu

Anantapur, Feb 1 (INN): Telugu Desam Party president N Chandrababu Naidu on Tuesday alleged that the ruling Congress had turned the state into a Mafia

Related News

 

'Koda associates invested Rs.225 crore in Dub..

Notorious Extortionists Nabbed-Seized 5 Kgs G..

Supreme Court cancels Hasan Ali's bail..

Akshaya Gold Farms and Villas Multi-Level Mar..

 

Hyderabad News

TRS candidate Konda Vishweshwar Reddy promises to turn Chevella into Hong Kong of Telangana

Hyderabad, April 18/2014 : TRS Chevella Lok Sabha candidate Konda Vishweshwar Reddy cautioned voters to be wary of the Congress and TDP.

Before the elections they listen to your woes, sympathise with you, shed crocodile tears for all that is wrong with your lives. Once you vote for them they hardly look back and ignore the problems of the people. The priority of Congress and TDP is not you, the electorate. He was speaking at a public rally at Chevella on Friday. He pointed out that the sustained struggle of KCR and TRS for ten years got us separate Telangana, and shows how we live up to our commitment. With equally strong commitment T ... Read More
Latest Headlines

MIM has proved its secularism : Asaduddin Owaisi

One Held - Seized (100) Bunches Of Khat Leaves (Stimulant Drug)

Even Andhraiates will vote for TRS : Vishweshwar Reddy

Accused arrested for posting abusive and threatening messages to ladies on Facebook

T-Congress ropes in Jamiat Ulema to get minorities votes

Chandra Babu Naidu was more safe without NDA

Livlife Hospital Join Hands to work with Actor Samantha's Pratyusha Support NGO organisation

MIM announces four non-muslim candidates among six for Assembly seats

Former DGP Dinesh Reddy joins YSRCP


Drug racket busted, four held


Actor Balakrishna aspires to become Andh


Actress Alekhya Inaugurates - Pochampall


Vote for a credible leader : Jagan Mohan

This page was created in 0.0850329399109 seconds