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The Hindu

National

The Hindu Bureau

Third suspect arrested in the chit fund scam, 110 victims lose ₹1.30 crore

Cyberabad Police

The Madhapur police on Thursday arrested the third suspect in a chit fund scam case reported earlier in February.

The suspect was identified as Kyatham Ganesh, 44, a resident of L.B. Nagar and additional director to Samathamurthy Chit Funds Pvt Ltd, the company that conned 100-110 people across Telangana, mainly in Madhapur, L.B. Nagar and Kukatpally, to the tune of ₹1.30 crore, said Vineeth G, Deputy Commissioner of Police, Madhapur.

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