Indian couple, linked to ₹50 crore fraud, goes missing on Switzerland trip, daughter files complaint after no contact

Indian Couple Tied to ₹50 Crore Fraud Vanishes in Switzerland, Daughter Raises Alarm

Theindiapostdaily.com – Residents of Cherlapally in Hyderabad, Pabba Chandrasekhar and his wife, Pabba Swapna, were reported missing after embarking on a vacation to Switzerland. India Today reported that their mobile phones remained inactive for over 20 days, cutting off all communication with their family. The couple, who allegedly orchestrated a ₹50 crore financial scam, had been associated with a cement finance business and a chit fund firm in Kushaiguda for three decades, as noted by the Deccan Chronicle.

The couple reportedly departed from their Cherlapally residence on 22 June. Their daughter, Pabba Shreya, filed a complaint at the Charlapalli Police Station after failing to reach them. A missing persons report was officially registered on 9 July. In her statement, Shreya described her inability to contact her parents for more than three weeks, despite numerous attempts. According to police, the couple maintained regular communication with their family during the early days of their trip.

Investors Demand Repayment Amid Disappearance

Following the news of the couple’s vanishing, investors linked to Chandrasekhar’s chit fund business gathered outside their home to protest. They accused him of misusing funds for his daughter’s marriage and family health expenses. A complainant named B Sabita claimed Chandrasekhar deceived locals by promising quick returns and high interest rates. Another complainant, G Satyanarayana, stated that Shreya’s father had collected ₹50 crore from over 70 individuals before going missing.

“We are probing all angles and may write to the Switzerland embassy if required,” said a senior officer.

Malkajgiri police commissioner B Sumathi confirmed the registration of an additional case related to the scam. Authorities are currently reviewing financial records to uncover details about the couple’s whereabouts. As the investigation continues, officials are urging vigilance against schemes that offer “money-doubling trading secrets” or promise substantial returns on minimal investments.

Hyderabad Police Warn Against Easy Money Scams

In response to the growing number of financial fraud cases, Hyderabad police issued a caution to the public. “Think twice before accepting these ‘money-doubling trading secrets’ for free. Don’t be lured by words that promise lakhs in returns on investments of thousands,” warned a senior officer. The advice highlights the need for caution in schemes that appear too good to be true, especially those involving high stakes like ₹50 crore.