Man who once worked as mason lures 7,400 people into ₹670-crore fraud in India

A Telangana-based man, who once worked as a mason and a petrol pump attendant, was identified as the alleged mastermind behind a ₹670-crore scam that cheated 7,400 people across India, TOI reported. Police have managed to trace only ₹35 lakh in the 70 bank accounts linked to Nanavath Bhupal Naik's companies. Naik lured investors with promise of 48% annual returns.