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Woman arrested for Deepavali chit fund fraud in Chennai 

INDWoman arrested for Deepavali chit fund fraud in Chennai 


The Chit Fund and Kandhu Vatti Investigation wing of the Central Crime Branch has arrested a 49-year-old woman, who had been absconding for four years after allegedly cheating several persons by collecting money on the pretext of a Deepavali chit fund scheme. 

The police identified the accused as Amudha. M, who hails from Triplicane in Chennai. She was arrested following a complaint from B. Saranya, who alleged that the accused had collected ₹54 lakh from several persons via three intermediaries under the guise of a Deepavali chit fund and gift voucher scheme at her house in Triplicane.

She, however, absconded without returning the money, the complainant said.



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