Hyderabad: 300 investors duped of Rs 10 crore in chift fund scam

As many as 300 investors were duped defrauded to the tune of Rs 10 crore in the chit fund scam. KKR chit fund company directors -- Kiran Kumar, Shanmukhi and Venkataramana fled away with the investors' money.

After several calls of the directors were unanswered, the investors gathered at the company on Sunday and staged a protest in front of the office at Prashanth Nagar in Kukatpally. Later, they were approached by the police who registered a case on the complaint by the investors.

Last week, a woman and her husband duped several investors and ran away with Rs 10 crore. The couple identified as Anjali Devi and Babu Rao, was the residents of Patel Nagar in Hyderabad. Around 85 investors approached the Central Crime Station. The Chandrayangutta police registered a case and launched a hunt.