Hyderabad: Couple dupes neighbours of Rs 2.5 crore on pretext of local chit fund scheme; booked
India Today
The accused, identified as Maddirala Padma (wife) and Vijay Kumar (husband) used to run local chit fund schemes in which middle-class families from their locality used to deposit their money on a monthly basis.
In yet another case of defrauding innocent people, a couple from Suraram, Hyderabad have been booked on charges for duping over 100 people in their own neighbourhood. The couple duped people of Rs 2.5 crore over the span of twenty years.
According to a report published in The New Indian Express (TNIE), the accused identified as Maddirala Padma (wife) and Vijay Kumar (husband) used to run local chit fund schemes in which middle-class families from their locality used to deposit their money on a monthly basis.
They first gained the trust of the people by running the schemes smoothly in the initial phase. However, it was only after sometime that they stopped returning people their money. Suspicious, when people tried reaching them on the phone, the accused first assured them to return their money but later removed all the contacts and became untraceable, which is when the matter was taken to the police.
Based on the complaint filed by the people, the couple has been booked under relevant sections of the Indian Penal Code and police have launched a lookout to nab both of them.
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