Chit-racket: DMK functionary held for cheating people

Saravanan and his wife conducted 'unregistered chits' collecting Rs 65 lakh from more than 500 people.

• Written by Agencies
• Erode | September 21, 2011 10:32 AM IST
1 min read

A local DMK functionary and his wife have been arrested for allegedly cheating people of over Rs 65 lakh in a chit-racket,police said today.

Police said Saravanan,Erode third ward functionary,and his wife conducted ‘unregistered chits’ and collected the amount from more than 500 people. When their deposits attained maturity,several people demanded their money but the payments were delayed and a few days ago,the couple absconded,police said.

You’ve Read Your Free Stories For Now

Sign up and keep reading more stories that matter to you.

Create Free Account

Already have an account? Sign In

This story requires a subscription

Select a plan and use IE10 code to get 10% extra off

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹117/month

Best for news lovers

UPSC PACK

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

Already a subscriber? Sign in

This premium article is free for now.

Register to continue reading this story

Free Read

Already have an account? Sign In

This story requires a subscription

Please Select A Plan

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹117/month

Best for news lovers

UPSC PACK

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

This content is exclusive for our subscribers.

Subscribe now to get unlimited access to The Indian Express exclusive and premium stories.

Continue

Already a subscriber? Sign In

Following a complaint,couple was arrested near a hotel last night,sources added.

Curated For You

Dhurandhar Movie Box Office Collection Day 25 Update: Ranveer Singh film set to cross Rs 10 crore mark on 4th Tuesday

India Women vs Sri Lanka Women 5th T20I ​Live Cricket Score: Harmanpreet Kaur falls for fine 68; IND 142/7 after 17.4 overs

Kannada TV actress who refused to quit acting for government job dies by suicide in Bengaluru