Bantwal: Rs 3 crore cheating case- Absconding man arrested


Daijiworld Media Network- Bantwal (RJP)

Bantwal, Dec 2: Vittal police arrested a man on Thursday December 1, who was allegedly involved in cheating of people to the tune of Rs 3 crore.

Purandara Seraje (39) from Bobbekeri is the person arrested. He is the husband of Vittal town panchayat member.

As per details, Purandara has been running chit fund business for the past 5 years. He managed several funds with corpuses of Rs 5.25 lacs, Rs 3.50 lacs, Rs 2 lacs, Rs 1 lac and Rs 60,000. But when the investors were due to be paid, he did not pay them. One fine day, he ran away from the village and did not return.

Around 50 people had complained to Vittal police station after Purandara absconded. Accordingly police registered cheating cases. But they could not locate Purandara.

On Thursday, people came to know that Purandara had come back to the village and was trying to transport goods from his hotel secretly. Large number of people gathered upon knowing this and managed to catch Purandara. He was handed over to police later.

There was chaos for sometime at the police station as most of the complainants turned up there and demanded money from the culprit. Police pacified them with an explanation that they will act as per law.

  

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Comment on this article

  • Vijay, Mangalore

    Fri, Dec 02 2016

    as we have RBI for banks, IRDA for insurance, RTO for Driving, SEBI/AMFI for Mutual funds and stocks etc why not a governing regulatory authority to verify and issue licenses to any finance related co.s ? why not take renewal fees and exams or trainings to renew licenses for finance co.s ?

    DisAgree [1] Agree [7] Reply Report Abuse

  • Krishna, karkala

    Fri, Dec 02 2016

    Poor chap. He must have collected old 500 and thousand notes. Now he can not repay them.No other options than to run away.

    DisAgree [4] Agree [11] Reply Report Abuse

  • PREM, OMAN

    Fri, Dec 02 2016

    no use to handover to police.

    DisAgree [1] Agree [15] Reply Report Abuse

  • Vincent Rodrigues., Frazer Town,Bangalore

    Fri, Dec 02 2016

    Chit fund gives lot of scope for cheating and tax evasion which need to be stopped at the earliest to clean the financial sector of the nation

    DisAgree [2] Agree [28] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Dec 02 2016

    This FEKU should be sent to MP ...

    DisAgree [10] Agree [23] Reply Report Abuse


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