Hidden treasure scam: Four arrested for cheating 11 people of nearly ₹1 crore in Hyderabad
Hyderabad police have arrested a four-member gang for allegedly cheating 11 people out of nearly ₹1 crore by promising to retrieve buried 'hidden treasure'. The suspects used fake gold coins and coal to trick victims into believing they had discovered ancient wealth.
Why it matters
This incident underscores the persistence of superstitious fraud schemes and the need for public awareness regarding financial scams.
The promise of a buried treasure turned out to be coal, fake gold coins and a well-rehearsed trick for 11 victims, who were allegedly cheated of nearly ₹1 crore by a four-member gang in Hyderabad.
The Commissioner’s Task Force, Shamshabad Zone, in coordination with Rajendra Nagar police, busted the racket and arrested four persons who allegedly lured gullible people with claims that they could identify and retrieve ‘Gupta Nidhulu’, or hidden treasure, buried beneath houses.
The arrested persons were identified as Mohd Munawar alias Munna, 36, a denting and painting worker from Gudimalkapur; Syed Ali Ashraf, 40, an electrician from Jawahar Nagar; Mohd Haji, 25, an auto-rickshaw driver from Jawahar Nagar; and Mohd Salman, 29, a bike mechanic from Yadagiripally.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in