Two held for cheating public

Hyderabad, Sep 14 (UNI) The Crime Investigation Department (CID) sleuths arrested two persons, who tried to cheat the public by running a banned money circulation scheme, posing as computer data providers.

According to a release from the CID the two arrested- Jasdeep Sing Bains, Chief Managing Director, 'Dream Merchants 4U Company' Chandigarh and Jaspal Singh Sohi, its Director floated a company 'Online Job Work.com Ltd' in Chandigarh and then named their web site as 'Dream Merchants 4U Company'.

They also opened a franchise at Hyderabad and other parts of the country stating that they were providing computer data work through a Multi-Level Marketing System, Dream Merchants 4U Company, in fact a banned money circulation scheme.

They were brought on transit warrant and produced in the Chief Metropolitan Magistrate Court, Hyderabad.

Based on a complaint from Mr B Gopal Krishna Rao, a case was registered in CID under section 420, 406 IPC r/w Sec 3 and 4 Prize Chits and Money Circulation Scheme (banning) Act, 1978 and took up investigation.

Searches were conducted in Chandigarh office and seizures were made.

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