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Businessman arrested for cheating

Press Trust of India  |  Hyderabad 

The city police have arrested a businessman for allegedly cheating a firm of Rs 9.14 crore.

K Venkata Rama Vidya Sagar, managing director of V M Coalogix which deals in minerals, cheated another company, Gimpex Ltd, during 2011-2012, a police release said today.



Gimpex had sold imported coal to Vidya Sagar, who allegedly resold it but did not pay the full amount which was due to Gimpex.

He was absconding since 2014 after a case of cheating was registered against him.

Officers of Central Crime Station arrested him in yesterday and brought him here. Further probe is on.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Businessman arrested for cheating

The city police have arrested a businessman for allegedly cheating a firm of Rs 9.14 crore. K Venkata Rama Vidya Sagar, managing director of V M Coalogix which deals in minerals, cheated another company, Gimpex Ltd, during 2011-2012, a police release said today. Gimpex had sold imported coal to Vidya Sagar, who allegedly resold it but did not pay the full amount which was due to Gimpex. He was absconding since 2014 after a case of cheating was registered against him. Officers of Hyderabad Central Crime Station arrested him in Mumbai yesterday and brought him here. Further probe is on. The city police have arrested a businessman for allegedly cheating a firm of Rs 9.14 crore.

K Venkata Rama Vidya Sagar, managing director of V M Coalogix which deals in minerals, cheated another company, Gimpex Ltd, during 2011-2012, a police release said today.

Gimpex had sold imported coal to Vidya Sagar, who allegedly resold it but did not pay the full amount which was due to Gimpex.

He was absconding since 2014 after a case of cheating was registered against him.

Officers of Central Crime Station arrested him in yesterday and brought him here. Further probe is on.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Businessman arrested for cheating

The city police have arrested a businessman for allegedly cheating a firm of Rs 9.14 crore.

K Venkata Rama Vidya Sagar, managing director of V M Coalogix which deals in minerals, cheated another company, Gimpex Ltd, during 2011-2012, a police release said today.

Gimpex had sold imported coal to Vidya Sagar, who allegedly resold it but did not pay the full amount which was due to Gimpex.

He was absconding since 2014 after a case of cheating was registered against him.

Officers of Central Crime Station arrested him in yesterday and brought him here. Further probe is on.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22