Hyderabad Man Arrested for Cheating in Chit Fund

Hyderabad: Man Arrested for Cheating in Fake Chit Fund Business

A man named Pullaiah has been arrested in connection with a cheating case. He was running a fake chit fund business and tricked people out of large amounts of money.

Pullaiah, originally from Anantapur in Andhra Pradesh, had been living in Hyderabad for some time. After cases were filed against him, he went into hiding. He was later caught in Bengaluru and brought back to Hyderabad. He will be presented in court and sent to jail.

Pullaiah had been collecting money from people in SR Nagar and Madhura Nagar, claiming to run a chit fund business. He took their money and disappeared, leaving the victims without their deposits.

Several people have filed complaints against him at the Central Crime Station, and the police are continuing their investigation.

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