In a significant development in the ongoing DKZ Technologies fraud case, the Central Crime Station (CCS) of Hyderabad arrested Ashfaq Rahil, the Managing Director of DKZ Technologies, and his wife Syeda Aisha Naz, who also served as the company’s Director. The couple was apprehended on Thursday, marking a crucial step in the investigation into an alleged Rs100 crore investor fraud.
The arrests come roughly a month after the police filed a case against the company, which had reportedly been involved in a massive fraud targeting investors. According to authorities, DKZ Technologies lured investors with promises of lucrative returns, but instead, the company misused the funds, leading to significant financial losses for many individuals.
The police have been investigating the fraud, which has affected a large number of people, with many coming forward to report their losses. The arrests of Ashfaq Rahil and Syeda Aisha Naz are expected to shed more light on the scale of the operation and the role of the company’s management in orchestrating the scam.
Authorities are continuing their investigation into the fraudulent activities of DKZ Technologies and are looking into the involvement of any other individuals or entities connected to the scam. The couple is currently in police custody, and further legal proceedings are underway.
