Two more held in Future Maker chit fund scandal

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Rajpal Singh and Mukesh Parmar

The Telangana Police on Friday arrested two more accused in the Future Maker chit fund fraud case. They worked as top-level distributors of Future Maker Life Care Private Limited.

The arrested were identified as Rajpal Singh (43) of Indachoi village in Fatehabad district and Mukesh Parmar (38) of Shujalpur in Madhya Pradesh.

A police spokesperson said Rajpal has studied up to Class V and had joined the money circulation business in 2015. The police said Rajpal had added more than 1 lakh persons to the network.

Most of these persons were either illiterate or semi-literate housewives and unemployed youths from rural areas of various states.

The police spokesperson said Mukesh was a matriculate and had added more than 40,000 persons to the money circulation scheme.

The police said they used to conduct local meetings and lure gullible persons into the scheme by promising large and quick returns to their investment. “The duo, close to the top management of the company, were absconding since the arrest of Radhey Shyam,” a police official said.