Government teacher in Telangana flees with crores after chit fund fraud

A government teacher in Suryapet district, Telangana, has disappeared after allegedly swindling multiple investors out of several crores of rupees through fraudulent financial schemes, authorities said. Banoth Raju, the accused educator, is alleged to have solicited funds from the public by promising attractive returns through chit funds, private loans, and other investment schemes before vanishing with the money.

The fraud came to light when investors approached local police after failing to recover their investments or receive promised returns. According to police records, Raju exploited his position as a government employee to build credibility and attract a large number of victims to his schemes. The exact amount defrauded remains under investigation.

The Suryapet police have registered a case and launched a manhunt for the absconding teacher. Investigators are examining financial records and statements from victims to establish the full extent of the fraud and track Raju's movements. The case highlights recurring vulnerabilities in informal investment schemes that continue to victimize residents across Telangana and other states in South India.

This incident adds to a series of financial frauds perpetrated by trusted professionals and government employees who have exploited their social standing to conduct large-scale scams. Authorities have appealed to investors to file formal complaints and provide any information that could assist in locating the suspect.