Couple defrauded 50 people of Rs 60 crore in chit fund scam
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AI-generated summary of the coverage listed below: A couple living in HMT Hills, KPHB, for about two decades ran a chit fund scheme that lured 50 victims to invest a total of Rs 60 crore. The fraudsters promised large returns, including Rs 25 lakh in aid, but the couple had already spent nearly Rs 15 lakh on their son’s medical treatment. The scam highlights the risks of informal financial schemes and the vulnerability of long‑time residents.
Covered by 2 outlets across the spectrum: 0% left, 0% center, 100% right.
Who is covering this story
- Right-leaning (1): Deccan Chronicle
Sources
- Fraudsters Cheat Couple Of Rs. 84,000 Promising Rs. 25 Lakh Aid — Deccan Chronicle (right-leaning)
- Couple Dupes 50 Persons of Rs 60 Crore in Chit Scam — Deccan Chronicle (right-leaning)