Archive · 4 Oct 2026
Chit Fund Organiser’s Insolvency Notice Names Temple Committee
A private chit fund organiser in Yadiki reportedly collected money from people by promising returns.
Investors say he did not repay them when they asked for their money.
A notice about the alleged debts lists about ₹1.80 crore in total.
It also names a local temple committee over ₹10 lakh.
A committee representative said the payments were made to raise money for temple improvements.
The notice spread on social media.
Temple representatives want authorities to act and help recover the money.
An insolvency petition notice reportedly lists about ₹1.80 crore in total liabilities.
The notice attributes a ₹10 lakh chit fund liability to the Goddess Chowdeswari temple committee in Yadiki.
P. Mohan is accused of operating unauthorised private chits and failing to repay investors.
Investors reportedly approached police alleging they were cheated through unauthorised chits and investments.
Temple committee representatives sought action against the organiser and recovery of money intended for development.
- Who
- P. Mohan, investors, and the Goddess Chowdeswari temple committee are named in reports about the notice.
- What
- An insolvency petition notice reportedly lists about ₹1.80 crore in liabilities, including an alleged ₹10 lakh chit fund liability attributed to the temple committee.
- Where
- Yadiki, Anantapur district.
- Why
- The temple committee reportedly paid monthly chit instalments to mobilise money for additional development works; investors allege the organiser failed to repay funds.
Investors and temple representatives
Organiser
Alleged repayment failure
Investors and temple representatives
Investors allege P. Mohan failed to honour repayment commitments and approached police.
Organiser
The article provides no response from P. Mohan.
Temple committee liability
Investors and temple representatives
The temple committee says instalments were paid in its name to raise funds for development, and representatives seek recovery.
Organiser
The notice reportedly lists the committee as liable for ₹10 lakh; the article provides no response from the organiser on this claim.
- Reported total liabilities
- About ₹1.80 crore
- Amount attributed to temple committee
- ₹10 lakh
- Organiser named
- P. Mohan of Yadiki
- Temple named
- Goddess Chowdeswari temple
- Notice
- An insolvency petition notice
- Reported response
- Temple representatives sought stringent action and recovery of the amount