Agroha Chit Fund Fraud UP

A businessman and his son were arrested by the Delhi Police Crime Branch for allegedly orchestrating a chit fund fraud that duped over 200 people out of Rs 7 crore. According to investigators, the father-son duo lured victims with promises of doubling their money in a short period through finance and chit fund schemes. They targeted wealthy individuals who had recently sold plots of land, initially returning small amounts to build trust before collecting large sums and fleeing.

After gathering substantial funds, the accused sold their movable property, destroyed their mobile SIM cards, and escaped Delhi. They initially relocated to Noida but fled to Pune after being tracked down by victims. While on the run, they frequently changed their rented addresses to evade law enforcement. Investigators stated that the duo invested the proceeds of their alleged scam into land located near Lucknow.

A case regarding the fraud was registered last year by the Economic Offences Wing of Delhi Police. Following a parallel investigation by the Crime Branch, the suspects were finally apprehended at a rented accommodation in Pune.

Not yet reported: The articles do not mention the exact court charges or sections applied under the law, nor the final judicial outcome of the case.