Four agents of a real estate company were arrested for allegedly collecting money in a fraudulent manner.
The four- Munagapaka Srinivasu and Surisetty Mallesh of Haripalem, Dadi Trinadhof Munagapaka and Polamarasetty Srinu of Pendurti- were arrested on Sunday. They were allegedly collecting money for Siddhi Vighneswara Property Developers, according to a press release here.
On instructions from Commissioner of Police B.Shivadhar Reddy, investigation was taken up after the MD of the company was arrested on a complaint lodged with the Three Town police in August, 2012. The company collected Rs.3 crore in four months.