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Andhra Pradesh
Police raid marketing firm in Sangareddy
Staff Reporter
SANGAREDDY: The district police on Saturday evening raided the office of the Peeshonu Multi-Marketing Limited at Narsapur in Medak district and recovered about Rs. 2 crore hard cash.
Police took Saidulu, managing director of the organisation, into custody. The organisation is mainly involved in money circulation and it is reported that many people have invested huge amounts in the organisation.
Tension at Narasapur
Tension prevailed for some time at Narasapur as the agents who did the business for the organisation gathered near the office premises and did not allow scribes to get the information or enter the office.
Deputy Superintendent of Police Siddaiah informed The Hindu late in the night that the raids were still continuing.
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