Owner of fake jobs firm held in Hyderabad

Police said Chandrashekar Reddy, a native of Hyderabad, posted ads on internet about providing jobs.

Update: 2016-08-01 21:05 GMT
Around 10.5 million new jobs were created between 1989 and 2010, only 3.7 million - or about 35 per cent were in the formal sector.

Hyderabad: The KPHB police detained the owner of a job consultancy who allegedly cheated around 70 job aspirants. Chandrashekar Reddy, owner of Lora Jobs Consultancy, allegedly offered jobs abroad and collected huge amounts from the victims.

As many as 70 aspirants from TS and AP, who paid Chandrashekar Reddy, approached the police. Police said Chandrashekar Reddy, a native of Hyderabad, posted ads on internet about providing jobs. He offered training and placement for unemployed youth and collected money ranging from Rs 60,000 to Rs 1 lakh each, police said. Whenever  applicants approached him, he would send them away with excuses, police said. “The victims belong to Guntur, Vijayawada, Warangal and Hyderabad,” KPHB inspector Kushalkar said.

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