The Central Crime Station (CCS) and Palakurthy police on Wednesday arrested four members gang for duping 28,493 people under a chit fund scam, allegedly collecting Rs 11.39 crore and cheating investors for an additional amount of Rs 4.84 crore.

The accused were identified as Teppali Saidulu of Gaddepalli (Suryapet), Manubothula Ramakrishna of Nandigama (Krishna district, Andhra Pradesh), Podila Suresh Kumar of Penpahad (Suryapet), and Podila Sridhar of Huzurnagar (Suryapet). The gang had been operating from Palakurthy, Jangaon district.

According to the police, the prime accused, Saidulu, who already had 10 cases registered for fraud, created a fake firm named ‘Hepzibha Firm’ under his

wife’s name in 2023 and launched an illegal chit fund in 2024.

Members paid Rs 6,000 each, of which R

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