Economy
Key Accused In Multistate Investment Scam Arrested By Telangana Police
NDTV1h
THE BRIEF
1
Telangana police arrested 69-year-old Ahmedabad resident Raj Kumar Roy, the alleged managing director of Unique Mercantile India Limited, over a massive investment fraud.
2
Preliminary questioning in Adilabad district indicated transactions worth ₹7 crore to ₹8 crore involving nearly 2,000 members, with statewide losses estimated to run into hundreds of crores.
3
Investigators are verifying complaints and tracing suspected investments in plots, land, and hotels across multiple states, including Hyderabad, Bengaluru, and Maharashtra.