The Cyberabad Economic Offences Wing (EOW) has apprehended four individuals involved in a Rs24 crore investment scam that defrauded 120 investors in Hyderabad.
The arrested suspects are Byra Chandra Shekar, Vemulapally Jahnvi, and Garimella Venkata Akhil, all directors of Squares and Yards Infra Pvt Ltd., along with Reddipalli Krishna Chaitanya, director of M/s Ad Avenues. Their arrests followed a complaint filed by Allam Nagaraju.