Hyderabad, July 23 -- The Director of AV Infracon Pvt. Ltd., Thimmiri Samuel, was arresred by the Cyberabad Economic Offences Wing (EOW) police on Wednesday, July 23, for his involvement in a massive financial scam relating to spurious real estate investment schemes, near his residence in Hyderabad's Banjara Hills.

Managing director Samuel, along with the Managing Director of the company, Gogula Lakshmi Vijaya Kumar, has been charged with cheating more than 150 individuals of about Rs 20 to 25 crore under fraudulent investment, buy-back, and pre-launch offers in the name of AV Infracon Pvt. Ltd. and AV Organo Farms Pvt. Ltd.

The were booked under secions 316(2), 318(4) of the Bharatiya Nyaya Sanhita, 2023, and Section 5 of the Telangana...