Hyderabad: In a significant development, the Crime Investigation Department (CID) officials in Hyderabad have arrested a white-collar offender who was allegedly involved in cheating cases amounting to Rs. 50 lakh. The accused, Puri Kiran, 47, is the owner of a kirana shop and hails from Jallapur village in the Manopad mandal of the Jogulamba Gadwal district. According to reports, a cheating case had been registered against him by the Wanaparthy (T) police.
The CID officials said that Kiran, along with Teppali Suresh Babu, Teppali Kishore Babu, Puri Suresh Shetty, and J Mahesh, had established Akshara Gold resorts Pvt. Ltd and indulged in businesses that violated RBI guidelines. The group had given wide publicity through pamphlets and brochures in Wanaparthy town and surrounding areas, collected huge amounts as deposits from the innocent public, and failed to register the land in the name of the member. The company closed unannounced, leading to further suspicion.
The CID officials took Kiran into custody and produced him before the court. He has been remanded to judicial custody. The CID officials have stated that Kiran’s accomplices are yet to be arrested, and further investigations are underway.
The arrest of the white-collar offender highlights the significance of the CID’s role in detecting and investigating crimes of financial nature. It is essential to maintain the integrity and transparency of financial transactions, and the CID officials have demonstrated their commitment to ensuring the same. The arrest of Puri Kiran is an example of how the law enforcement agencies in Hyderabad are working tirelessly to ensure that the guilty are brought to justice and that justice is served.
