Hyderabad: An online investment racket running to over Rs 7 crore has been busted in Hydrabad city and four people have been arrested in this connection, police said on Monday. The four allegedly cheated nearly 2,500 people from Andhra Pradesh and Telangana of over Rs 7 crore after promising high returns on their investments, the police said. The accused developed a website and a mobile application and displayed photos of foreigners as directors and team members of a company claiming it to be a United Kingdom entity and an MNC to attract innocent citizens, Cyberabad Commissioner of PoliceV C Sajjanar told reporters.
Cricket-betting: Man kills sister, mother to clear debts:- In another crime incident in Hydrabad, a 23-year-old man facing financial problems after losing money in cricket-betting allegedly poisoned his mother and sister to death to clear his debts by selling their properties, police said on Monday. The accused, a MTech second-year student, mixed pesticide in the food of his 22-year-old sister and 44-year- old mother on November 23 and both of them died in a hospital, they said. According to police, the accused, also a private company employee, was facing financial problems after he took loans and invested approximately Rs 25 lakhs in the betting without the knowledge of his family members.
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