Archive · 12 Aug 2026
Kanyakumari Chit Fund Cheat Arrested in Chennai After 2 Years
A man named Paulraj ran something called a chit fund, where people saved their money with him.
Police say he took money from more than 300 people and cheated them of over 20 crore rupees.
He collected deposits ranging from 10,000 to 50 lakh rupees from people in Kadayalumoodu, Pechiparai, Thirparappu and nearby hill areas.
About two years ago, he closed his office and disappeared.
Many people lost their savings, which they had kept for education, marriage, jobs, and medical treatment.
Recently, 90 of the victims went to senior police officers to complain.
A police team found Paulraj in the big city of Chennai and arrested him.
He was brought back to Kanyakumari for questioning.
Police are now asking anyone else who was cheated to come forward and file a complaint.
Kanyakumari district police arrested Paulraj, who allegedly cheated more than 300 people of over Rs. 20 crore through a chit fund scheme.
Paulraj ran Divine Chit Fund, collecting deposits ranging from Rs. 10,000 to Rs. 50 lakh from people in Kadayalumoodu, Pechiparai, Thirparappu and adjoining hill areas.
He allegedly closed the chit fund office and went missing about two years ago.
Ninety victims recently complained to the superintendent of police and district crime branch, alleging losses of more than Rs. 10 crore.
A police team led by DSP Pethuraj traced Paulraj to Chennai and arrested him; he is being questioned by the district crime branch in Kanyakumari.
- Who
- Paulraj, a Kattavilai resident who ran Divine Chit Fund, arrested by a Kanyakumari police team led by DSP Pethuraj.
- What
- Paulraj was arrested for allegedly cheating more than 300 people of over Rs. 20 crore through a chit fund scheme and absconding for nearly two years.
- When
- Nearly two years after he allegedly closed the chit fund office and went missing; his recent arrest was announced after 90 victims filed complaints.
- Where
- Arrested in Chennai and brought to Kanyakumari; the fraud affected people in Kadayalumoodu, Pechiparai, Thirparappu and adjoining hill areas.
- Why
- Victims alleged he fled with their deposits, which many had saved for education, marriage, employment and medical treatment, prompting police complaints and investigation.
- Accused
- Paulraj, resident of Kattavilai near Kadayalumoodu
- Chit fund
- Divine Chit Fund
- Alleged victims
- More than 300 people
- Alleged amount cheated
- Over Rs. 20 crore
- Deposit range
- Rs. 10,000 to Rs. 50 lakh
- Complaints filed by
- 90 victims, alleging over Rs. 10 crore in losses
- Arrest location
- Chennai
- Police team led by
- DSP Pethuraj