Hyderabad MLM Scam: Man Held by CID

Hyderabad MLM Scam: Man Arrested for Cheating People Through Online Scheme

Hyderabad: The Telangana Crime Investigation Department (CID) has arrested a man involved in a Hyderabad MLM scam. He allegedly tricked several people into investing money in a fake online multi-level marketing scheme.

The accused, T Madhusudhan from Ghatkesar, first invested ₹2.2 lakh in a company called Fanuc India. After getting some profit, he began encouraging others to join the company. He earned commissions for bringing in new investors.

According to CID Director General Shikha Goel, Madhusudhan targeted poor individuals and convinced many of them to invest. Unfortunately, most of them suffered financial losses.

The Hyderabad MLM scam led to several complaints, and the CID took action. Madhusudhan was brought before the court and has been sent to jail.

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