States » SouthPosted at: Oct 10 2024 9:00PM


Hyderabad: Cyberabad police arrest proprietors of two firms for Rs 229 crore fraud

Hyderabad, Oct 10 (UNI) Hyderabad Central Crime state sleuths have arrested the Proprietors and Directors of DKZ Technologies/ Dikazo Solution Pvt Ltd for committing fraud to the tune of Rs 290 crore from 17,500 depositors here on Thursday.
Based on a complaint received from Dr. Abul Jaish A, Doctor by profession, resident of Gdimalkapur in the state few days back, a case was registered u/s 403, 406, 420 R/w 120-B IPC & Sec. 5 of TSPDFE Act-1999 against DKZ Technologies/Dikazo Solutions Private Limited, Madhapur, Hyderabad and investigated into, the Cyberbad police said in a release here.
In his complaint, Dr Abudl stated that in January 2024, he visited DKZ Technologies/Dikazo Solutions Private Limited and met with Ashfaq Rahil, Managing Director, Mohammed Iqbal, and Syed Umer Ahmed, Moiz, Nazeer, and Bilal Managers at DKZ Technologies.
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