Another Chit Fund Fraud in Hyderabad

chit-fund-scamIn a major chit fund fraud, a case was registered on a resident of Defence colony , Hyderabad .

Anuradha Reddy (55) woman , who is running a chits business for several years , allegedly collected Rs 10 crore and duped the customers.

Neredmet Inspector M Jagdish Chander said, They have received a complaint against her that she failed to return the amount to the customers and her cheques were bounced