- By Shubham Bajpai
- Tue, 08 Jul 2025 04:56 PM (IST)
- Source:JND
In a shocking incident, a Kerala-based couple living in Bengaluru for 25 years has duped at least 300 investors and fled with their money.
Tomy and Shiny used to run A&A Chits and Finance in Bengaluru's Ramamurthy Nagar, offering huge returns of 15 to 20 percent on investments. So far, at least 300 investors have reached out to the police, narrating how they were scammed. They are residents of Ramankary village in Kerala’s Alappuzha.
They told the police that the couple used to build confidence by offering consistent payouts in the initial phase. With returns on the investment greater than bank rates, the duo won trust and made the clients invest more.
Driven by an urge to earn more, the investors continued to dump money, creating a huge amount of investments on a large scale. This trust-building and more investment game continued for over two decades.
The couple would lure people to invest all of their money, whether it was in life-saving, children's education, medical expenses, or a wedding. Surprisingly, some even sold their properties to invest in their scheme in an urge to make hefty money.
The couple allegedly weaved a trap for 25 years during their stay in Bengaluru to eventually dupe the clients of nearly Rs 100 crore. However, the facade shattered abruptly on July 3, when the couple's mobile phones were switched off, and the office was shut.
Tony and Shiny vanished after carrying out a major scam of an approximate worth of Rs 100 crore. It is anticipated that they have fled the country. A case has been registered by the Ramamurthy Nagar police.
