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Chit firm `dupes' depositors

Staff Reporter

Couple running the company does a vanishing act

BERHAMPUR: Around one hundred persons, mostly women, have been cheated by a chit fund operator who allegedly escaped with the hard earned money of depositors. A group of women, who have allegedly been cheated by the chit fund operator, filed an FIR at the Gosani Nuagaon police station of the city on Wednesday.

The accused are V. Subhalaxmi and her husband V.J. Rama Rao who used to reside at Brit Colony area of the city.

Subhalaxmi along with some other women had started a marketing network of sarees a few years ago. Later, she and her husband had started chit business. They could manage to collect deposits worth around Rs. 25 lakhs. V. Lata Kumari, a victim, says she had deposited Rs. 30,000.

The couple failed pay back money to their depositors. Later, they promised to return money to depositors on May 12 after selling off their house. But the couple went missing from the area from May 9. The depositors hope that they would return to sell off their house.

Their dreams were shattered when they found new occupants at the said house who claimed that Subhalaxmi and her husband had already sold the house to them. Having no other way-out, the depositors approached the police.

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