Archive · 6 Aug 2025
Hyderabad Businessman Duped in Franchise Scam
A businessman in Hyderabad lost money in a scam.
He saw an ad on Facebook for a courier service franchise and contacted them.
A person, claiming to be from the company, said he could get a franchise for ₹1.5 lakh.
The businessman paid the money and got a document.
However, after a month, the company stopped responding to his calls.
Now, he has reported the fraud to the police who are looking into it.
A Hyderabad businessman was allegedly defrauded of ₹1.5 lakh in a franchise scam.
The victim, K. Srikanth, saw a Facebook ad for a courier service company called Evergo Services.
He contacted the company and was offered a franchise for ₹1.5 lakh by an individual identifying as Niharika.
Srikanth transferred the money and received a service agreement.
After a month, communication ceased, prompting Srikanth to file a police complaint.
- Who
- K. Srikanth, a 53-year-old businessman, was the victim.
- What
- Businessman was allegedly cheated of ₹1.5 lakh in a franchise scam.
- When
- Incident began three months ago
- Where
- Hyderabad, India
- Why
- The reason is to get money from the victim in the name of the franchise.
- Victim
- K. Srikanth
- Age
- 53
- Location
- Hyderabad, India
- Amount scammed
- ₹1.5 lakh
- Company involved
- Evergo Services
- Alleged perpetrator
- Niharika