MBA graduate defrauds people of Rs 5 crores, arrested

April 02, 2012 23:52
MBA graduate defrauds people of Rs 5 crores, arrested

A 32-year-old woman along with her husband where involved in defrauding their customers about Rs 5 crores.They were the residents of Jubilee hills and arrested by Police.

Police said that the 32-year-old woman G. Pavani, an MBA graduate, and her husband Vamsidhar cheated many people and three cases have been pending against them at the Jubilee Hills police station.

The woman opened an agency called Media Point, a few years ago, which used to train graduates in software and collected a lot of money from aspirants. Her husband started a real estate venture in Muncherla village of Kandukur on the city’s outskirts and downed shutters after collecting money from people to whom he had promised flats.

Pavani was arrested in Prasashannagar whereas her husband is absconding. A native of Chittoor, Pavani fell in love with Vamsidhar from Guntur district and got married about five years ago.

She was booked under Section 406 (Punishment for criminal breach of trust) and 420 (cheating) of the IPC.

Jubilee Hills S-I K. Saidulu said, 32-year-old woman G. Pavani is being questioned.The couple may be defrauded more than 50 persons.And more over we have three cases which is being pending against them.

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