Man Arrested for ₹45 Lakh Scrap Business Investment Fraud

A man in Hyderabad pretended to have a scrap metal business called Shalini Enterprises.

He convinced people to give him money, promising to make them a lot of profit very quickly.

For example, he told them if they gave him ₹2 lakh, he would give them back ₹3 lakh in just 10 days!

Many people believed him and sent him lots of money through online payments.

However, he took most of the money, over 45 lakh rupees, for himself and didn't give it back or make any profits.

The police caught him, and he has been put in jail.

They think he might have tricked even more people and taken even more money.