Over 50 Residents Duped of 80 Lakh in Kota Chit Fund Fraud, Operator Sells House and Flees with Wife More than 50 residents in Kota's Bajrangpura have approached the Kunhadi police station alleging an 80 lakh rupee fraud by a local committee scheme operator, Purushottam Tiwari, who vanished with his wife after selling his property. A major financial fraud involving an informal neighborhood savings scheme has come to light in the Kota district of Rajasthan, leaving numerous families in financial distress. The incident occurred in Bajrangpura, situated in the riverbank area under the jurisdiction of the Kunhadi police station. Over 50 affected residents gathered at the local police station to submit formal complaints against the operator of the scheme. According to the victims, they had been regularly depositing their hard-earned money into this committee over an extended period. However, the operator abruptly halted all payouts, leaving contributors empty-handed. The total defrauded amount is estimated to exceed 80 lakh rupees, prompting the police to launch a detailed probe into the matter. Community Trust Used to Solicit Deposits According to the complaints lodged with the police, Purushottam Tiwari, a resident of Bajrangpura, had been managing the informal committee scheme in the neighborhood. Relying on personal acquaintance and trust, many local families deposited their savings with him on a routine schedule. During the early phases, the scheme operated without noticeable issues, reinforcing the belief among participants that their funds were secure and would be returned with maturity benefits as promised. Encouraged by this initial reliability, several people continued contributing significant portions of their household savings. Trouble began when the operator started facing difficulties in disbursing payments and eventually stopped returning deposits altogether. Promised Repayment After Property Sale Ended in Disappearance When the contributors began demanding their money back, Purushottam Tiwari reportedly assured them that he would clear all outstanding dues by selling his residential house. Local accounts indicate that the property was indeed sold off, but none of the victims received their deposited funds even after the sale was completed. This heightened suspicion among residents, who soon realized that they had been deliberately misled. When they attempted to confront the operator, they discovered that Tiwari and his wife had disappeared from the area. With both individuals missing, the victims recognized the extent of the fraud and gathered in large numbers at the Kunhadi police station to seek official intervention. Middle-Class Households Suffer Heavy Losses The alleged financial deception has dealt a severe blow to multiple households across the locality. Many contributors were from working-class backgrounds who had set aside a few thousand rupees each month from their daily earnings, while others had invested larger lump sums according to their financial capacity. One of the victims, Durgashankar, explained that multiple people had been putting their money into the committee for a prolonged duration with the legitimate expectation that their funds would be returned on schedule, but those payments have now dried up completely. Another resident, Saurabh Chawla, also reported the loss of his deposits. The affected individuals have urged the police to track down the operator and help them recover their stolen savings. Kunhadi Police Launch Detailed Investigation Following the complaints, the Kunhadi police have initiated an official inquiry to uncover the full scope of the fraudulent scheme. Law enforcement officials are working to gather details regarding the whereabouts of Purushottam Tiwari, his wife, and any associates who may have been involved in the operation. Furthermore, investigators are examining the records to determine the exact number of contributors and the total monetary value of transactions handled by the committee. Authorities stated that a precise assessment of the swindled amount will become clear as the investigation progresses. As of now, initial complaints from more than 50 individuals point to a misappropriation exceeding 80 lakh rupees. What this means for you This incident serves as a stark reminder of the financial risks tied to unregulated neighborhood savings and committee schemes. • Across India: Citizens must verify the legal registration of any chit fund or savings scheme before committing household funds. Unregistered private committees carry extreme default risks and lack statutory insurance protections. • In Kota: Other local residents who deposited funds with this specific operator should immediately submit transaction records to the Kunhadi police. People participating in similar informal pools across the city should also review the safety of their contributions. • Financial Prudence: Individuals should channel savings into regulated commercial banks, post offices, or authorized institutions. Avoiding unmonitored peer-to-peer collection schemes protects families from sudden capital wipeouts. • Legal Recourse: Contributors caught in such operations should preserve all diary entries, bank receipts, or witness statements. Approaching local law enforcement promptly at the first sign of missed payouts improves the chances of intervention. Why this happened The fraudulent scheme succeeded by exploiting personal trust and the complete lack of regulatory oversight in neighborhood savings pools. Faced with mounting payout demands, the operator bought time with false assurances before liquidating assets and fleeing. • Immediate Cause: Scheme operator Purushottam Tiwari refused to return matured deposits and absconded with his wife after secretly selling off his residential property. • Unregulated System: Local residents deposited funds regularly based solely on personal relationships without official contracts, receipts, or statutory safeguards. • Delaying Tactic: Promising to reimburse investors through proceeds from his house sale allowed the operator sufficient time to complete the transaction and plan his escape. • Current Stage of Probe: The Kunhadi police have initiated an official search for the missing couple while auditing records to determine the full financial scale of the fraud. Questions & Answers 1. How much money was allegedly swindled in the Kota committee fraud? According to the complainants, more than 50 people were defrauded of an amount exceeding 80 lakh rupees. 2. Which locality in Kota did this incident take place in? The incident occurred in Bajrangpura, located in the riverbank area under the Kunhadi police station jurisdiction. 3. Who is the main accused in this committee scheme case? The accused committee operator is identified as Purushottam Tiwari, a resident of Bajrangpura. 4. What promise did the operator make regarding repayment? The operator promised to return everyone's money after selling his house, but disappeared after completing the property sale. 5. Who are some of the complainants named in the case? Complainants include local residents Durgashankar and Saurabh Chawla, along with dozens of other affected contributors. 6. What action is the Kunhadi police taking regarding the incident? The police have initiated an investigation to trace the operator and his wife while auditing total member records and transactions. https://trendkia.com/en/rajasthan/kota-men-kameti-ke-bahane-50-se-adhika-logon-ki-garhi-kamai-dubi-snchalaka-ghara-bechakara-patni-snga-lapata-42183 TrendKia — Har trend, sabse pehle.