Along with the septuagenarian, Malcolm Nozer Desai (48), Magarlal V. Balaji (40), and Srinivasa Rao Vankka (47) were brought to Hyderabad on prisoner transit warrant. They persuade the depositors to rope in some more investors to make more money," Hyderabad Central Crime Station (CCS) DCP Avinash Mohanty said at a press conference. On learning that Mr. Ferreira and others were arrested by the Economic Offences Wing of the Mumbai police in a similar case, a special team of the Hyderabad police went there and brought the accused to Hyderabad. Meanwhile, the accused moved the High Court of Hyderabad and secured an order staying further investigation into the case. We will file a counter explaining it is important to interrogate them in the cheating case," ACP G. Jogaiah said.

Source: The Hindu October 19, 2016 07:55 UTC