Hyderabad: Chit fund operator arrested

Hyderabad: The Central crime police of Hyderabad nabbed a person who was allegedly involved in cheating by running a private chit fund. The accused was identified as Andol Jagadiswar. Complainant Bandari Ramachandraiah told the police that he had subscribed to the fund of the accused, but after the completion of chit period the accused did not pay the chit amounts which was about Rs 2.7 crore citing various reasons, said the police.