Archive · 28 Jul 2025
Kerala Couple Faces Bengaluru Fraud Accusations, Moves HC
A couple from Kerala is in trouble.
They ran a finance company in Bengaluru and are accused of tricking almost 600 people out of a lot of money, over Rs 40 crore.
The couple is fighting back in court, trying to stop the police investigation.
Police believe the couple planned to cheat investors, selling their home and cars before leaving for Kenya.
The police are looking into their bank accounts and documents.
An investor filed a complaint, and the police are investigating the couple for breaking the law by cheating investors.
The company offered interest rates between 6% and 14% and was operating for around 20 years.
A Kerala couple is accused of cheating nearly 600 investors of over Rs 40 crore.
The couple, Tomy A Varghese and Shini Tomy, filed a petition in Karnataka HC to quash the case.
The couple allegedly fled to Kenya on July 3 after selling their property in Bengaluru.
The case was registered on July 5 based on a complaint by an investor, P T Savio.
The police are investigating the couple for cheating and criminal breach of trust.
- Who
- Tomy A Varghese and Shini Tomy.
- What
- A couple is accused of cheating investors through a chit fund.
- When
- The FIR was registered on July 5. They fled to Kenya on July 3.
- Where
- Bengaluru, Karnataka.
- Why
- To allegedly defraud investors.
Investor Side
Accused Couple Side
Financial Losses
Investor Side
Investors lost money due to alleged fraudulent activities.
Accused Couple Side
The couple disputes the allegations and has filed a petition for quashing the case.
- Accused
- Tomy A Varghese and Shini Tomy
- Alleged Crime
- Chit fund cheating and fraud
- Number of Investors
- Nearly 600
- Amount Involved
- Over Rs 40 crore
- Action Taken
- Filed petition in Karnataka HC
- Company Name
- A&A Chit Funds and Finance firm