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Hyderabad: 3 held for cheating business man

Hyderabad: 3 held for cheating business man
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Hyderabad: The Saidabad police along with SOT arrested three persons and a business Development Manager of Lionsgate water bottle company, who were involved in an attention diversion case and conned a man to the tune of Rs 12 lakh.

The police have recovered the entire amount within 48 hours.

The arrested were identified as Abed Mohiuddin, 35, Shaik Abdul Basith, 34, the Business Development Manager at Lionsgate water bottle company, and Sambaram Rajesh, 28, a petrol pump employee, said the police.

Mohiuddin and Basith are friends, while Rajesh was working in the petrol pump of the victim, Raj Kumar Bagadia. “Bagadia has known Mohiuddin and Basith since last few years and used to visit his petrol pump.

The police commissioner of Hyderabad, Anjani Kumar said that noticing Bagadia making money through unfair means, the trio hatched a plan to lure him and commit theft of net cash under. “They shelled out a scheme and promised to arrange a particular series of banned old currency notes of the year 2002, so that he could get Rs 50,000 new currency for each note of that particular series of 2002 currency notes.”

According to their plan, while Mohiuddin and Basith were present at Bagadia’s office at Sri Santhoshi Filling station (Indian Oil) in Ranga Mahal Road of Putlibowli, Rajesh informed him about the scheme. Making him believe their scam, they made him pay Rs 12 lakh in exchange of Rs 2 crore of demonetised money.

“They asked Bagadia to arrange the amount by Sunday and the same was done accordingly. He was called to SBH colony park in Saidabad and at about 11 am, where Mohiuddin came on a bike to inform that the house of the party who had Rs 2 crore of old currency notes is close by and he needs to see the Rs 12 lakh to him and only then the exchange can happen.

Mohiuddin then left with the money and escaped, leaving the victim waiting,” said the official, adding that the trio later shared the stolen amount amongst themselves. Upon learning that he was conned, the businessman approached Saidabad police to lodge a complaint, following which cases were booked against the gang and an investigation was started.

Authored by Mohammed Hussain, mohammedhussain.reporter@gmail.com

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