📷 Image: Wikimedia Commons / Bhaskaranaidu
Crime
Guntur Couple Flee After ₹3 Crore Chit Fund Scam
✍️ INDToday
🗓 04 Aug 2026, 07:09 AM
👁 33
A couple from Guntur fled the city after being involved in a ₹3 crore chit fund scam, authorities say.
Police in Guntur have confirmed that a local couple fled the city after being implicated in a ₹3 crore chit fund scam that collapsed last month. The scheme, which promised high returns to investors, reportedly siphoned off millions of rupees before its operators vanished.
A warrant has been issued for the arrest of the couple, who are believed to be hiding in a neighboring state. Authorities are urging anyone with information about their whereabouts to come forward.
The scam has already affected dozens of investors, many of whom were promised returns of up to 20% per annum. The police have warned the public to verify the legitimacy of chit fund operators before investing.
Investigators are continuing to probe the scheme’s structure and the extent of the financial loss. The case is being handled by the local crime branch under the supervision of the state’s anti-corruption unit.
A warrant has been issued for the arrest of the couple, who are believed to be hiding in a neighboring state. Authorities are urging anyone with information about their whereabouts to come forward.
The scam has already affected dozens of investors, many of whom were promised returns of up to 20% per annum. The police have warned the public to verify the legitimacy of chit fund operators before investing.
Investigators are continuing to probe the scheme’s structure and the extent of the financial loss. The case is being handled by the local crime branch under the supervision of the state’s anti-corruption unit.