Andhra cid arrested goldquest Pushpam Appalanaidu

Chennai:A malaysian woman wanted in connection with a alleged cheating case where investors were duped to the tune of Rs 160 crore through a multi-level marketing (MLM) company and money circulation schemes has been arrested by Andhra Pradesh police.

Pushpam Appalanaidu, (50), wanted in 21 criminal cases registered against her in Andhra Pradesh was detained at Chennai International Airport by Immigration authorities on Sunday last while she was leaving the country to board a flight to Malaysia, as Look Out Circular (LOC) was issued against her, CID officials today said.

A police team from AP was sent to Chennai to cause the arrest and she was subsequently apprehended and produced before a court in Nellore which sent her in judicial remand.

Pushpam along with four other accused had floated a MLM company and indulged in alleged illegal company activities by collecting deposits from investors in Andhra Pradesh by promising high returns, a CID official said.

As many as 21 cases were booked against Pushpam and others on charge of cheating under IPC section and under relevant provisions of Prize Chits Money Circulation Schemes (Banning) Act 1978.Pushpam is hav ing key role in gold quest scam.

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