Hyderabad Man Accused of Rs 670-Crore Scam Involving 7,400 Investors
Nanavath Bhupal Naik, a former mason and petrol pump attendant from Hyderabad, is accused of masterminding a Rs 670-crore investment scam involving about 7,400 investors. The Cyberabad Economic Offences Wing is investigating two companies, Shares Bazaar Pvt Ltd and Kisaan Parivar Ltd, which promised monthly returns of 4% and tax-free annual returns of 24%.
Economic Times··Hyderabad



