Third-Party Fund Scheme Defrauds Public of ₹200 Crores, Victims Seek Justice

NEWS CHARIOT (ANDHRA PRADESH,JAN.8) : A major scam involving the third-party fund (TPF) company has come to light, defrauding innocent people across Andhra Pradesh, Telangana, and Odisha. The company, under the guise of a corporate social responsibility (CSR) initiative, promised to help the poor by receiving donations from global corporations. Victims were misled into investing ₹1.2 lakh, with assurances of daily returns and the promise of helping the underprivileged.

People, including those from Guntur, were lured into the scheme, believing they could generate funds for social causes. However, once they made their investments, the returns dried up, and the scammers disappeared. Victims who were initially promised daily payouts of ₹30,000 saw the payments stop after a few months.

The scam reportedly raised around ₹200 crores, with participants in multiple districts investing heavily in the scheme, even pledging their property deeds. Some were encouraged to buy district or mandal distribution rights for an ice cream business, further draining their finances.

One of the primary suspects, V. Shivakumari, along with her associates, took millions from victims by exploiting their trust. In total, several victims collectively paid up to ₹3.3 crores to the company.

With the perpetrators now unreachable, victims, desperate for their money back, are seeking justice. They are demanding strict legal action against those involved and have even threatened self-harm if their grievances are not addressed.