Online Trading Scams: MTC authorities face public wrath in Hyderabad


Nov 17, 2022

Hyderabad: Multyjet Trading Company (MTC) Authorities here on Wednesday faced public wrath, for allegedly paved the way to company owner Muktiraj Tekula flee from Hyderabad. Complaints were lodged against him seeking immediate action and arrest for cheating thousands of investors.

It may be mentioned here that Multyjet Trade Private Limited, owner, Muktiraj Tekula duped thousands of investors of Rs 100 crores or more. The company had offered Rs 2 thousand profit every day on an investment of Rs 1 lakh, but the investors stopped receiving return and company was shut.

Multyjet Company Authorities were caught by the angry investors and enquired about the owner, but they failed to disclosed the details in this regard. The Police, however, registered a case and investigation is on.

Prior to this, Max Crtypto Trading Company Dubai-based has cheated thousands of people in the tune of $30 million (Rs 200-crores in INR). Administrator, kunjathbail mujib sayyad/ k mujib Sayyad, who is in Dubai, just assuring investors to return their money, in fact, nothing has been done to return public amounts so far.



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