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Friday, Aug 1, 2025
The couple, Tomy A Varghese and Shiny Tomy, have filed for anticipatory bail while investors form a collective seeking to recover lost funds.
The Malayali couple allegedly lured investors with high interest rates before disappearing with the funds.
Bengaluru chit fund scam involving Tomy A Varghese and Shini Tomy has defrauded investors, mainly from the Malayali community, of over ₹100 crore. The couple, now missing, built trust through community involvement and promised high returns on investments.
Chit fund scam in Bengaluru has resulted in over ₹40 crore in investor losses. Tommy A Varghese and his wife Shiny Tommy, who ran A & A Chit Funds, are accused of defrauding investors with promises of high returns.
The 12-athlete field saw only eight participants advance to the second round after three initial attempts.
The funeral will be held in Bengaluru on Friday.
Shine and his family met with an accident at an accident-prone area near Dharmapuri on the Salem-Bengaluru National Highway.
Officials of RCB and the event management group were arrested after a stampede that killed 11 people in Bengaluru.
The accident happened in the early hours of Friday.
RCB’s two remaining league fixtures, including a home match, will be played at the Ekana Stadium in Lucknow.
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