Hyderabad: Man Held for Land Investment Fraud

Hyderabad: The Cyberabad economic offences wing (EOW) arrested Obili Papannagari Rama Chandra Reddy for cheating over 50 individuals with a fraudulent land investment scheme with a project named ‘Highway Paradise’ in Venkatapuram, Sangareddy. V.B. Gupta, managing director of Prathista Properties was implicated in the scam, EOW DCP K. Prasad said. The duo had defrauded investors of nearly Rs.15 crore, police said.