Archive · 18 Jul 2026
Hyderabad Couple Arrested for ₹50-Cr Fraud
A couple in Hyderabad named Pabba Chandrasekhar and Swapna were arrested by the police for allegedly running a fraudulent chit fund.
They collected ₹50 crore from over 70 people and disappeared.
The police are investigating the financial records to understand the extent of the fraud.
The couple claimed they borrowed money for personal reasons, but the victims say they were defrauded.
The police are still gathering more details.
A couple from Hyderabad was arrested for allegedly running a fraudulent chit fund and collecting ₹50 crore from residents.
The couple, Pabba Chandrasekhar and Swapna, disappeared on June 22 and were untraceable until their arrest.
Victims allege the couple collected ₹50 crore from over 70 people before disappearing.
The police are examining financial records to determine the extent of the fraud.
The couple claimed they borrowed money for personal reasons, but the victims dispute this.
- Who
- Pabba Chandrasekhar (51) and Swapna (42)
- What
- Arrest for alleged ₹50 crore fraud through a chit fund
- When
- Arrested on Saturday, disappeared on June 22, last communication on July 8
- Where
- Hyderabad, India
- Why
- Allegedly collected ₹50 crore from residents and fled, causing significant financial loss
Victims' Perspective
Accused's Perspective
Nature of the Fraud
Victims' Perspective
The couple allegedly collected ₹50 crore from residents through a chit fund and fled, causing significant financial loss.
Accused's Perspective
The accused may have borrowed money for personal reasons like family health issues and daughter's marriage, but the extent of fraud is disputed.
- Accused Names
- Pabba Chandrasekhar (51) and Swapna (42)
- Company Name
- Sri Venkateshwara Marketing
- Amount Involved
- ₹50 crore
- Number of Victims
- Over 70 people
- Arresting Authority
- Special Operations Team (SOT) Police
- Date of Disappearance
- June 22
- Last Communication
- July 8
- Police Commissioner
- B. Sumathi