Kolkata Woman, Daughter Arrested for Rs 123 Crore Chit Fund Scam

A woman and her daughter were arrested in Kolkata for allegedly running a fake investment scheme that scammed people out of a lot of money.

They promised high returns to attract investors, but the scheme was illegal.

They took money from thousands of people in India and Bangladesh.

They used the money for themselves and sent some of it to secret accounts in other countries.

The company stopped paying investors after just a year.

Now, the police are trying to find out how much money was stolen and where it went.

They used social media and meetings to convince people to invest.