CID Raids Hubballi Residence in Multi-Crore Cheating Scam Investigation

Hubballi – Officials from the Criminal Investigation Department (CID), investigating a multi-crore cheating scam allegedly perpetrated by the Darvesh Group, have conducted a raid on the residence of Mohammed Suja in Hubballi, said sources.

According to sources, the CID officials are currently searching the property for pertinent documents. Five individuals including Muhammad Shamid, Mohsin, and Azhar Ali  have already been arrested in connection with the case, and the search continues to locate the remaining suspects.

The scam involved the company distributing bonds under the guise of investment opportunities. The accused allegedly enticed unsuspecting investors with promises of high returns, leading to significant financial losses for hundreds of people. These victims have filed complaints against the company. The fraudulent activities are reported to have taken place in Raichur.

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