Chennai: The Central Crime Branch of the Greater Chennai Police arrested a couple for cheating people to the tune of Rs 70 lakh in a chit fund scheme.
The accused couple, N Senthil and Divya of New Bangla Street in Chintadripet were produced before a judicial magistrate and sent to prison.
According to the police, a complaint was filed at the Central Crime Branch by Priyadarshan of the same locality that a couple who ran several chit fund schemes and collected huge amounts of money from several customers failed to return the money on maturity of the schemes. Based on the complaint the CCB police registered a case and during investigation, found the couple to be operating the chit funds without authorisation and without any permission.
The couple were conducting different chit funds schemes without a licence and collected money from many people on the promise of huge returns at the end. When they defaulted returns, the victims approached the city Police Commissionerate seeking action.