Hyderabad, Feb. 2 -- A man was arrested by the Hyderabad city police on Saturday, February 1 for allegedly cheating investors by promising profitable business opportunities.

The arrested has been identified as Kaswaraju Hiranmahe, 59, a resident of Gandhi Nagar, Secunderabad.

According to the police, the accused man started a business establishment named 'Ration Bio Products'. He promised to supply bio enzyme-based cum chemical-free floor and washroom cleaning liquids.

In 2021, the complainant Subhash invested in Ration Bio Products after the accused Kaswaraju Hiranmahe promised him a 40 per cent stake in the company and assured an annual turnover of Rs 100 crore by March 2024.

The police said that Subash did not receive any of the ag...