Machilipatnam: People here were allegedly cheated of Rs 19 lakh by a group led by a Hyderabad-based man on the promise of providing high returns on their investment, police said on Tuesday.
A police officer informed that on the complaint by three residents of Machilipatnam town, a case was registered on Tuesday and investigation has been initiated.
The main accused Arifulla Baig and three others were still at large as a hunt is on to nab them, the police officer added.