• 4 IIT dropouts among 9 held for ₹30-crore scam in Hyderabad

    4 IIT dropouts among 9 held for ₹30-crore scam in Hyderabad

    Published Date : 19-Nov-2018 1:00:32 IST

    Four IIT-Kharagpur dropouts are among nine persons arrested by Cyberabad police in connection with floating a fraudulent multi-level marketing company in Hyderabad and collecting ₹30 crore in past two years. The accused enrolled over 40,000 distributors in Andhra Pradesh and Telangana. The distributors, who paid a minimum of ₹4,000 for enrolment, then targeted unemployed youth and elderly people.

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