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Three arrested for floating fake firms

Hyderabad: Three persons, who allegedly colluded with some Chinese nationals and floated a few firms by registering with Registrar of Companies (ROC), Hyderabad, were arrested by CCS sleuths. A Srinivasa Rao, N Vijay Krishna and K Vijay Bhaskar were arrested on the charges of submitting

fake

documents to float fake firms. The accused collected Rs 2.42 crore and withdrew it subsequently. tnn

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