The Hindu·2 min read·easy
Chit fund owner held in ₹9-cr. fraud case
T
The Hindu Bureau
✦AI Summary
Police have arrested Paulraj, the owner of Divine Chit Funds, for allegedly defrauding over 90 people of approximately ₹9 crore. The suspect had been absconding after failing to return funds to investors in a chit scheme.
Kanniyakumari District Crime Branch (DCB) police arrested a 57-year old man, Paulraj, in connection with a ₹9-crore chit fund scam involving more than 90 people.
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