Amjed Ullah Khan (Spokesman) MBT said that Telangana State Intelligence Department and Telangana Govt were sleeping till 18,000 investors were duped to the tune 700 Crores by a bogus firm called DKZ Technologies. Mr Khan said during 2018 two persons by name Syed Ashwaq Rahil and Mohammed Iqbal registered a firm by name DKZ Technologies and it’s sister organizations called DIKAZO Solutions Private Limited, DKZ Investments and offered 8% to 12% benefits to the investors.
The cheters offered two schemes called B2B & B2C and first opened a store in Madhopur called “Dikazo Madhapur” and other shops in Chaderghat and Tolichowki called “Hourly Fresh”.Time and again the fraudsters were posting vedios and photos with former Deputy Chief Minister & Minister for Home Mohammed Mahmood Ali to gain investors confidence.
Till the end of 2022 there were very less investors but the above two fraudsters involved many youtubers like 1) Abdul Razzaq (Golden Hyderabadies), 2) Kafeel @ Taffu, @ Comedy Ka Hangama, 3) Priya Reddy @ Kirak Khala, 4) Imran @ Immi, 5) Najeeb of Warangal Dairies and Mohammed Bin Ishaq of Baigan Wines and gave them Rs/ 1.0 lakhs for each youtube vibes and promoted their business and all above youtubers made small vibes claiming this Investments as Halal Investments and they even showed that they had also invested in above firm.
Then the said fraudsters took services of one Syed Umair and appointed him as a Manager who used to make a vibes daily on his personal account on Facebook, YouTube and Instagram and lure the investors and others services of Aslam, Fatima, Syed Nazeer, Moiz, Salman, Bilal, Sohail, Sunitha @ Maryam, Bhagyalaxmi, Alina Ruhi,
From mere 1000 investors in 2022 their firm received 18,000 investors to the tune of 700 Crores from three states Telangana, Maharashtra and Karnataka specially from NRI’s of above states living in Saudi Arabia, Kuwait, UAE, Qatar, Muscat, USA, Australia, United Kingdom and Canada.
All of a sudden during Aug 2024 the fraudsters who formed the firm DKZ Technologies stopped paying the monthly installment (profit) to the investors and closed their all establishments and ran away.Some investors approached Madhapur Police Station for help but as the amount was huge they were asked to approch Economic Offences Wing (EOW) which registered an FIR No: 200/2024 u/s 403, 406, 420 r/w 120 B of IPC on 4th Sep 2024 and started investigation.
Mr Khan questioned as what was Sate Intelligence Department doing since 2018 when two persons registered bogus firm and looted the common man to the tune of 700 http://Crores.Mr Khan said that as this scam covers three states and many NRI’s it’s better that the Telangana State Govt should hand over this case to Central Bureau of Investigation (CBI) and the role of former Home Minister Mohammed Mahmood Ali and YouTubers also be investigated and attache all properties of above bogus firm and take necessary action.
Total failure of State Intelligence Department and Telangana State Govt which was sleeping till investors were duped for 700 Crores by DKZ Technologies,
amjedmbt demands
Inquiry into the scam and role of
mahmoodalibrs and some YouTubers also be investigated:
Source:https://x.com/amjedmbt/status/1833753643780362261?t=8GISx1hDVWk7Ql3fSYufYQ&s=08