Chit fund owner Shivadasan arrested for duping Rs 50 crore

Kochi: Owner of a chit fund Shivadasan was arrested for duping many people of money. Marad police arrested Shivadasan who was running Amrithasree chit. According to police he duped people to the tune of Rs 50 crore running the chit company based at Kochi Nayarampalam. He was arrested from a lodge in Guruvayoor.Police said that he shifted all his properties to the name of relatives after he felt that he would land in the police net.

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