A major scam has been uncovered in Hyderabad involving DB Broking Company, where the chairman absconded with Rs. 7 thousand crores. The police have registered a case against DB Broking Company for scamming thousands of victims by promising high profits and not delivering.
The victims, including a software employee from Hyderabad, have filed complaints stating that they were cheated out of large sums of money. The scam has affected victims in several cities across India, and the police are currently trying to locate the fraudster, who is reportedly hiding in Australia.