Hyderabad, Aug. 3 -- The Cyberabad police on Monday, August 3, booked a couple who are on the run in Ameenpur, Sangareddy, after they allegedly duped residents of BSR Colony promising high returns via a chit-collecting fund.

Sub-Inspector Madapathi Prabhakar of Ameenpur police station told Siasat.com that the couple, identified as Sirisha and Sambasivarao, began the chit fund scam in 2023.

The issue surfaced when investors were not paid on schedule as promised.

"This has been going on for three years now, since 2023," said SI Prabhakar, adding that the couple stalled paying the returns "for 20-25 months," according to the complainants. The couple allegedly collected Rs 2 crore from the residents via the chit fund, he said, having colle...