Mangalore: 'Cheat' Fund - Man Dupes Auto Rickshaw Drivers in Multi-crore Fraud Case
Pics: Spoorthi Ullal
Daijiworld Media Network - Mangalore (BG)
Mangalore, Mar 28: A major fraud case came to light on Wednesday March 28, when a person who allegedly cheated scores of people suddenly went missing.
Narendra Kamath, the accused, had been collecting money for chit fund from auto rickshaw drivers through door-to-door collection and at rickshaw stands.
Gullible auto drivers placed their faith on him and gave him money amounting to Rs 20,000 to Rs 30,000 to deposit in the chit fund. As he has been doing this for six years, there was not much scope for suspicion.
Some of the cheques amounting to lacs that he given to the auto drivers bounced, which further added to suspicion.
Now his house is found to be locked and he is absconding with crores of rupees collected from auto drivers.
He had rented a house near Ganapathy temple, Dongerkery. Scores of auto drivers who had become his victims gathered at the spot.
Bunder police have registered a case and are investigating.