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93 Kanakadurga chit fund victims in Adilabad finally recover Rs 2.34 crore after accused’s arrest
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Adilabad: After years of waiting for their hard-earned savings, 93 chit fund victims from Adilabad finally recovered Rs 2.34 crore of their investments.
Acting on the directions of SP Akhil Mahajan, special police teams traced and arrested the accused.
Arrest prompts repaymentDuring the investigation, police informed the accused that more complaints related to the chit fund business were likely to be registered.
SP warns against investment fraudAddressing the gathering, SP Akhil Mahajan urged people to stay away from investment schemes that promise unusually high returns.
He advised the public to invest only in government-approved banks, regulated financial institutions and legally registered chit fund companies.