Nalgonda college dropout held for cheating Rs 50 crore in investment scheme

Hyderabad: A 26-year-old man was arrested in Nalgonda on charges of defrauding hundreds of people to the tune of a whopping Rs 50 crore. The Nalgonda police took Ramavat Balaji Nayak, a college dropout from Vaddi Patla village, into custody. Giving details about the case during a press briefing, Nalgonda superintendent of police (SP), Sharat Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .