Mother-Son Duo Defrauds 16 People of Nearly 3 Crore in Chit Fund Scam in Chhatrapati Sambhajinagar

• Nandabai Ramesh Adhude and her son Saurabh Ramesh Adhude defrauded 16 individuals of approximately 2 crore 99 lakh 20 thousand rupees through a bhishi (chit fund) scheme.
• The duo, residents of Beed Bypass, Chhatrapati Sambhajinagar, gained trust by initially completing small transactions on time before escalating the fraud.
• Victims include Sapna Markad (50 lakh), Meera Phalke (50 lakh), Vilas Mane (30 lakh), Kamalbai Surse (21.50 lakh), and Jayashree Giri (20 lakh).
• The accused are in police custody until February 3, following their arrest by Mukundwadi Police Station.
• The fraud involved collecting large sums of cash and then stalling payments after the maturity period, leading victims to report the crime.

Why It Matters: A mother-son pair orchestrated a nearly 3 crore chit fund scam, defrauding 16 people in Chhatrapati Sambhajinagar.