Chit fund owner dupes members of Rs 8 cr goes absconding

Bengaluru: A case of cheating has been filed against a chit fund owner, who has reportedly gone absconding after duping over 100 people to the tune of Rs 8 crore.

The accused Manjula, a resident of Basavanapura had began running the chit fund business while she was working in garments factory. Her colleagues, were her initial members. She gained the trust of people by conducting the chit fund business in a prompt manner and several others, mostly garment workers, auto-rickshaw drivers and daily wage earners became chit fund members.

It is now gathered that Manjula has gone absconding with their hard-earned money.

A case in this regard is filed with Hulimavu police.