Kerala Couple, Tomy And Shiny, Flee After Multi-Crore Scam In Bengaluru

21 din me paise double (double your money in 21 days)” – When Raju learns about this get-rich-quick scheme, he convinces Shyam and Baburao Ganpatrao Apte. By selling their bungalow and borrowing some money, the trio invest Rs 1 crore in the ‘Lakshmi Chit Fund’ with the hope of getting Rs 2 crore in three weeks. However, 21 days later, they find themselves in financial ruin, having lost everything. This is the story of the Bollywood movie ‘Phir Hera Pheri’, which has come true in Bengaluru, where a couple from Kerala, Tomy and Shiny, have been accused of defrauding hundreds of people of crores by luring them with exceptionally high returns on their investments.

A&A Chits And Finance: Real-life ‘Lakshmi Chit Fund’

Tomy and Shiny, a Kerala-based couple, have been living in Bengaluru for the past 25 years and running ‘A&A Chits and Finance’, a chit fund institution offering high returns, ranging between 15 to 20 per cent on investments.

Initially, to build confidence, the couple offered consistent returns, say the victims. However, recently, the payout stopped, and the couple became unreachable. This made investors suspicious. At least 300 investors have reportedly complained to the police, claiming to have invested huge sums.