crime
Hyderabad: Bio-cleaner biz owner arrested for duping investors of nearly Rs 2 crore
Hiranmahee Kaswaraju, proprietor of Ration Bio Products Private Limited, was arrested in Hyderabad for allegedly defrauding investors of Rs. 1.96 crore. Kaswaraju promised lucrative returns by selling bio-cleaner products, but failed to deliver on his promises, leading to the investors filing a complaint. The police investigation revealed that the bio-cleaner products violated consumer safety norms, raising concerns about public safety. Kaswaraju was remanded into custody after being apprehended by the Task Force (North) and the Central Crime Station (CCS) officials.11:31 AM Feb 02, 2025 IST