Hyderabad: A man who allegedly cheated people claiming to be a friend of Director General of Police M Mahender Reddy was arrested by the Chikkadpally police.
According to the police, the man, Sheik Babu, befriended small-scale businessmen and introduced himself as a diamond trader. He offered huge returns on investments and took money from them. The man cheated the complainant, Yadagiri, by offering him huge profits in a short time on the amount of money invested. Believing him, Yadagiri gave him Rs 6 lakh in two instalments.
Babu gave the man a cheque for Rs 6.20 lakh but it bounced. When Yadagiri demanded the money, he threatened him saying he was a friend of the DGP. Following a complaint from the victim, the police registered a case under relevant sections of Indian Penal Code and are investigating.