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Kerala couple flees to Kenya after Rs 40 crore chit fund scam in Bengaluru
The Daily Guardian
|July 10, 2025
A massive chit fund scam has rocked Bengaluru with over 400 victims coming forward to file complaints against a Kerala-based couple who allegedly cheated investors out of nearly Rs 40 crore before fleeing the country to Kenya.
According to Deputy Commissioner of Police, Bengaluru East, D Devaraja, the accused operated under the name A&A Chit Fund and hailed from Alappuzha, Kerala.
While speaking to ANI on Wednesday, DCP Devaraja said, "This was owned by a couple hailing from Alappuzha, Kerala. On 5th July, some people came to PS Ramamurthy Nagar and registered a complaint, saying that they had invested in the A&A Chit Fund company, and now the owners, the couple, are absconding."
Dit verhaal komt uit de July 10, 2025-editie van The Daily Guardian.
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