Hyderabad Sreenilaya Chit Fund faces allegations of Rs 17.2 lakh fraud

The Central Crime Station in Hyderabad has registered a case against Sreenilaya Chit Fund Pvt. Ltd. for allegedly duping subscribers, including 60-year-old B.B. Satyanarayana. Despite repeated visits and legal notices, Satyanarayana has not received his Rs. 17.2 lakh chit amount, prompting further investigation into the company’s practices.