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Shipping firm MD arrested:

City police on Monday arrested the Managing Director of VSK Shipping Private Limited, Kallepalli Shiv Shanker (37), on the charge of duping unemployed youth and collecting around Rs.12 lakh from them promising jobs.
According to the police, Shiv Shanker has collected money ranging from Rs.10,000 to Rs. 1.5 lakh from around 50 unemployed youth in the city by assuring them employment in various MNCs in Taiwan and Brazil.
After collecting the amount from the gullible youth, Shiv Shanker downed shutters and is absconding.
Based on the complaint filed by some of the cheated youth, Inspector of Fourth Town Police Station, K.V. Balakrishna, investigated the case and arrested Shiv Shanker.

The police are investigating the case.


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