Chit fund company MD booked for Rs 38L fraud | Ludhiana News
Representative image LUDHIANA: The police have booked the managing director of a chit fund company for allegedly duping hundreds of people on the pretext of investing in a lucky draw scheme. 634 victims have lodged complaints against the accused and alleged that he had duped them of Rs 38 lakh. Following an investigation, the Dehlon police have lodged an FIR against Sukhchain Singh, managing director of Parivar Star Hum Tum Company. One of the complainants, Amrik Singh, stated that the accused had opened an office in Bachittar Nagar near Guru Nanak Dev Engineering College on Malerkotla road...
Source: indiatimes.com