Archive · 2 Sep 2025
Bengaluru Court Orders Chit Fund Accused Couple to Appear Before CID
A couple in Bengaluru is in trouble for allegedly tricking over 500 people with a chit fund.
They ran a company called A&A Chit Funds, taking about 63 crore rupees from investors.
People complained they didn't get their money back, and the couple left the country.
A court has now told them to come back and talk to the police by September 4th, 2025.
They were given bail, meaning they could leave the country, but had to promise to return.
The police are investigating, and the case involves a lot of money and many investors.
The couple is accused of selling their property cheaply before leaving.
A Bengaluru court ordered a couple accused of chit fund fraud to appear before the CID.
The couple is accused of cheating over 500 investors of ₹63 crore.
The couple was granted anticipatory bail with conditions.
The investigation involves alleged investments and non-refunds.
The case was initially filed by a senior citizen who lost ₹70 lakh.
- Who
- Tomy A Varghese and Shini Tomy, accused of fraud.
- What
- Ordered to appear before CID in a chit fund fraud case.
- When
- Ordered to appear on or before September 4, 2025.
- Where
- Bengaluru, India.
- Why
- To cooperate with the investigation of a chit fund fraud.
- Accused
- Tomy A Varghese and Shini Tomy
- Alleged Fraud Amount
- ₹63 crore
- Number of Investors
- 523
- Chit Fund Name
- A&A Chit Funds and Finance
- Court Order
- Appear before CID by Sept 4, 2025
- Anticipatory Bail
- Granted with ₹10 lakh surety each