Financier cheats depositors of 6 crore in Eluru

Eluru: A private chit fund organizer and financier has duped depositors of Rs 6.25 crore in the city. According to victims who met Superintendent of Police Navdeep Singh Grewal in this regard at the 'Spandana' programme here on Monday, the financier on the pretext of organizing chits under the banner of Navodaya Chit Funds collected the deposits from people in the city and surrounding areas. They approached the Superintendent of Police to prevent the financier from leaving the country by cheating them.

Another group of victims from the city approached the SP when a person cheated them on the pretext of doing finance business to the tune of Rs 85.45 lakh. A woman from Penugonda complained to the Superintendent of Police stating that a person was avoiding her after taking loan from her. A few people brought to the notice of the SP that they were cheated by some businessmen from Odisha after they did not pay for the purchase of seeds.

All these financial crimes reported at the Spandana programme along with other complaints lodged by different people on various problems. The SP assured to solve their complaints as per law.