TV artist and 7 others held in chit fraud
The Central Crime station (CCS) today arrested absconding lady TV artist Battula vijaya Rani, the prime accused,involved in cheating crore of rupees by running illegal chits.
On receipt of credible information, police nabbed the prime accused and also seven others including her family members Ms Vemuri Sudhalata, Vemuri Chaitanya alias Nani, Battula Saran Kumar, Ms Battula Revathi, Jetti Hari Babu, Katta Mallesh Goud and Yagnam Sittaiah Srinivas, who assisted in running illegal chit business, CCS (Detective Department) Deputy Commissioner of Police G.Pala Raju said in a press conference here.
The prime accused Rani , a native of Guidwada in Krishna district was a famous TV artist for 15 years and also acted in various tele serials and movies.
Taking advantage over her close with several other TV artists, she started illegal chit business - Chit groups of from Rs 1 lakh to 10 lakhs and she collected an amount of Rs 2.5 crore from the chit bidders (serveal Tv artists), he said.
While doing the chits business she was into losses, to overcome the financial needs she3 borrowed loans at high rate interest from various financers. As she was unable to repay the chit amounts to chit holders all of sudden she disappeared.
The police is making attachment of her properties situated in Hyderabad, Gudiwada and vehicles besides jewellery and cash, the police officer said.
The financers who lend the amounts to the accused on higher interest rates necessary legal action will be intiated against them, he said.
All the accused are being produced before the local court for judicial remand, he added.
(Posted on 12-04-2014)