Man "kills" mother over failed chit fund biz

Image
Press Trust of India Hyderabad
Last Updated : Jun 28 2018 | 6:15 PM IST

A 40-year-old woman was allegedly killed by her son at their house here over a failed chit fund business run by her, police said today.

Madan was taken into custody after his family members, on being informed by him about the late last night killing, alerted the police, Assistant Commissioner of PoliceVijay Kumar said.

He was feeling humiliated with depositors frequently visiting their house seeking return of their deposits made in the chit fund, another police official said quoting preliminary investigations.

Madan, in his early 20s, allegedly attacked his mother in the head and later throttled her to death around midnight, the ACP said.

The woman had "suffered" losses in the chit fund business and had been staying at her brother's house after the chit members started demanding return of their deposits, he said.

She was brought to their house by Madan yesterday and folllowing a quarrel he fatally attacked her.

The woman had reportedly used the chit fund amount for her daughter's marriage a few months ago, police said adding a case of murder had been registered.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 28 2018 | 6:15 PM IST

Next Story