Live
- Siddaramaiah not involved in MUDA irregularities: Shivakumar
- Israel intensifies strikes on Lebanon for third day as Hezbollah launches missile at Tel Aviv
- Malta's honeybee declared national insect
- J&K witnesses peaceful second phase polls with 55 pc voter turnout
- MUDA case: BJP, JD-S to intensify agitation against Siddaramaiah to seek his resignation
- La Liga 2024-25: Mbappe sidelined with a thigh injury, confirms Real Madrid
- Illicit trade in 5 key industries reaches Rs 7.97 lakh crore, time to instil fear: Centre
- Mamata scared of BJP's stance on RG Kar issue, says Suvendu Adhikari
- Good Samaritan Honored for Defusing Community Tensions During Milad Procession
- South Zone Task Force Shuts Down Illegal Hookah Café in Hyderabad
Cop’s wife siphons off chit money, disappears
Wife of constable working in Central Excise Department allegedly duped her neighbours in the name of chit fund and made good around Rs 50 lakh. Following complaints by the victims, the Two-Town Police on Sunday registered a case against the woman and her nephew.
Visakhapatnam: Wife of constable working in Central Excise Department allegedly duped her neighbours in the name of chit fund and made good around Rs 50 lakh. Following complaints by the victims, the Two-Town Police on Sunday registered a case against the woman and her nephew.
The police are yet to assess the total fraud in the case. Inspector of Two-Town GV Ramana said that the accused A Varalakshmi, who is the wife of A Satya Rao, a constable in the Central Excise Department, ganged-up with Satish Kumar, who is the nephew of Satya Rao, and floated illegal chits business.
The police said the duo has collected Rs 2 to Rs 3 lakh from each of the depositors and it is estimated that the collection could range up to Rs 50 lakh. Both Varalakshmi and Satish have been missing since three months. Nearly 10 women victims had lodged a complaint against the duo and the police launched a hunt of the duo.
“We have registered a cheating case against the duo under Chit Funds Banning Act,’’ said Ramana.
