Chit fund fraud: Accused caught after one-and-a-half years

Chit fund fraud: Accused caught after one-and-a-half years

June 7, 2019

Mysuru: A person, accused of committing chit fund fraud by fleeing away with the depositors’ money to the tune of crores of rupees, was caught by the cheated depositors at Bengaluru Police Station yesterday and brought to Mysuru.

The accused is Gurumurthy alias Raju, a resident of Srirampura 2nd stage in city.

It is learnt that Gurumurthy was running a chit fund company and residents of Ashokapuram and surrounding areas had invested their money in the chits. But about one-and-a-half years ago, Gurumurthy allegedly fled overnight with the depositors’ money thus cheating them.

The family members of the accused had lodged a missing complaint in this regard. Even those who had invested in the chits had lodged a complaint at Ashokapuram Police Station. The Police, after registering a case had launched a hunt to nab the accused.

Yesterday, the accused was caught by the cheated depositors at Bengaluru Police Station and was brought to Mysuru with the help of Bengaluru Police and handed him over to Ashokapuram Police, who are interrogating the accused.

It is learnt that case was registered against four persons including Gurumurthy. While three of them had secured bail, Gurumurthy had gone absconding.


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