F Andhra Entertainment : 500 cr. cheating: SIMS MD surrenders

Visakhapatnam, Feb 17: SIMS MD Surendra Gupta who cheated several gullible investors and vanished, surrendered before the police amid high drama.

Customers who were cheated, staged dharna at the Visakhapatnam 4 Town police station where he was being questioned by the police. They asked the CI Hussain to hand him over to them so that they could collect their money from him straight away.

Police advised the customers to maintain restraint, saying that they had to enquire about Gupta’s assets and his bank accounts. SIMS Company reportedly collected more than Rs. 500 crore in the name of multi-level business and brought the shutters down.
 

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