Tag: chit funds

Two Kodagu chit fund staff arrested for cheating company, customers
News

Two Kodagu chit fund staff arrested for cheating company, customers

November 3, 2021

Madikeri: Two employees of a private chit fund company have been arrested for allegedly cheating the company and customers to the tune of more than Rs. 35 lakh. The arrested employees are 42-year-old K.T. Vinod, a resident of Manandawadi in Kerala, who was working as the Branch Manager and 28-year-old Jayaprasad, a resident of Periyapatna…

Cheat Fund: Woman decamps with Rs. 80 lakh chit fund, gold
News

Cheat Fund: Woman decamps with Rs. 80 lakh chit fund, gold

July 2, 2021

Mysore/Mysuru: Many chit funds or as they call it cheeti vyavahara in local parlance have run into trouble after duping the gullible and these cases have brought to light the dark side of the unorganised investment sector.  Despite warnings from the Government and Police cautioning the public not to invest in dubious ventures that promise…

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