Chennai

Chit fund scam: Man, wife abscond with Rs 5 cr, held

The Central Crime Branch of the city police has arrested a couple who cheated 160 people to the tune of Rs 5 crore in a chit fund scam.

migrator

Chennai

The accused, SK Kannan (45) of Virugambakkam and his wife Gowri, used to run a wholesale rice shop at Pudupet. Gowri also ran a chit fund scheme in the locality. About 60 people, including M Arunkumar (45) of Guduvanchery and his relatives, joined the scheme and paid money in instalments.


Even after the scheme’s period was over, the couple failed to pay the amount collected to them. As they went into hiding, the victims on July 5 submitted a petition at the city police Commissionerate and the Central Crime Branch registered a case.


While a special team arrested Kannan’s father Nagarajan (59) on July 6, Kannan and Gowri were arrested from their hideout.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

"To me it is Tamil New Year": DMK MP Kanimozhi on TVK chief Vijay's Pongal post

Vijay's Pongal greeting rekindles debate over Tamil New Year date in TN

"Vijay should understand that this accident happened only because of him": DMK spokesperson TKS Elangovan on Karur stampede incident

Tamil Nadu govt releases Rs 111.96 crore to farmers for crop damage

DMK slams Amit Shah over Thiruvalluvar Day wishes; cites poor knowledge of Tamil culture