Karakkaya scam: Women got fooled and failed @5crore

Hyderabad, July 18: In contemporary times, when the society has been facing the tough times economically, many of the people are finding easy ways to earn money. And in fact, searching different theme to loot somebody (or), someone. Taking other's weakness as an advantage they are discovering silly plans to earn money. So, in this context, after being cheated by someone, they came to know then and starts claiming the unidentified person, one-by-one and in result crores will be lost. In a bizarre incident, the shocking 'Karakkaya scam' came into limelight. The police probe revealed one Devraj from Nellore was behind the scam of Karakkaya business. Anil started an office in KPHB Colony a few months ago. He lured people, mostly women, by asking them to deposit Rs 1,000 for a kg of Karakkaya and offered to pay Rs 1,300 per kg after they returned to him in powder form. Anil Devraj reportedly collected Rs. 5 crore as deposits from people and got away. He opened a current account in the SBI, KPHB branch. Queries are being raised on bank officials as they opened an account without Aadhaar and PAN details.