Hyderabad: Hyderabad-based jeweller Kanti Dutt was arrested on Sunday, December 1 for allegedly cheating investors on the pretext of high returns.
Dutt who owns a jewellery store in Jubilee Hills is accused of collecting a significant amount of money from various individuals, including actors from Tollywood and Bollywood, by promising high returns on investments in his business.
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However, the jeweller reportedly failed to deliver the promised profits, leading to allegations of fraud. Following a complaint, police registered a case and took him into custody.
Further details regarding the case are awaited.
