Nizampet couple dupes 52 people of Rs 12 crore in chit fund scam; escape

Hyderabad: The Cyberabad Economic Offences Wing (EOW) has registered a case against a Nizampet-based couple for allegedly defrauding 52 people of about Rs 12.06 crore through a chit fund scam. Mohammed Ali and his wife Reshma Jabeen had been running chit schemes in the city since 2016. According to the police, they collected monthly instalments Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .