Four persons, including a woman, were today arrested here for allegedly cheating about 200 unemployed youths by promising them jobs in the e-commerce business and collecting money from them, police said.
The arrested accused were identified as Sreenath Konda, Prasanna Kumar Reddy, B Dhan Raj and Kanchana Vobbilichetty.
They operated through the websites www.Qnet.Et and www.Qnetindia.In, Deputy Commissioner of Police (Detective Department) Avinash Mohanty said in a statement.
The accused conducted seminars and lured gullible youths into investing in the company named Q-Net, promising them jobs.
"They have cheated about 200 people and collected Rs 2 crore or 3 crore from them by making false promise to provide a job," Mohanty said.
"Managing Director and other directors of Q-Net Limited, and Vihaan Direct Selling (India) Private Limited and some others are wanted in this case," he added.
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