Mysterious Disappearance of Cherlapally Couple
A high-profile investigation has been launched by the Hyderabad police after a local businessman and his wife went missing during a vacation to Switzerland. Pabba Chandrasekhar, 51, and his wife Swapna, 42, residents of Cherlapally in the Medchal-Malkajgiri district, reportedly left for a European holiday in June. However, what initially began as a missing person’s case has taken a massive turn. Law enforcement agencies are now aggressively probing a multi-crore financial scandal, with allegations emerging that the couple orchestrated a pre-planned escape to evade massive debts.
Daughter Files Missing Complaint as Phones Go Silent
The matter came to light when the couple’s elder daughter, a 23-year-old software professional, approached the Cherlapally police station to lodge an official complaint. She stated that her parents left for the Rajiv Gandhi International Airport after informing her and her 21-year-old sister about their sightseeing tour. Since their departure, both parents became completely untraceable, with their mobile phones switched off. Left alone at home and unable to establish contact for over two weeks, the anxious daughters appealed to the police for intervention, unaware of the financial storm brewing behind their parents’ sudden travel plans.
Sudden Twist as Victims Allege Rs 50 Crore Chit Fund Scam
As news of the missing complaint spread, the case took a dramatic twist when a group of furious investors gathered outside Chandrasekhar’s residence. Multiple victims approached the police, alleging that the businessman had defrauded them of nearly Rs 50 crore. According to local sources, Chandrasekhar had been operating a cement finance and chit fund firm called Sri Venkateshwara Marketing in Kushaiguda for nearly three decades, building immense local trust.
Victims claimed that in the months leading up to his disappearance, Chandrasekhar collected massive sums of money from over 70 residents, citing urgent personal reasons like his daughter’s upcoming marriage and critical family health issues. Once the funds were collected, the couple allegedly packed their bags and boarded the flight to Europe, switching off their communication channels immediately upon landing.
Police Coordination with Immigration and Switzerland Embassy
The Malkajgiri police division has registered a formal case and integrated the missing person’s report with a thorough financial fraud investigation. Senior police officials confirmed that financial tracking teams are currently auditing the banking records, transaction histories, and asset data associated with Sri Venkateshwara Marketing.
To determine whether the vacation was an elaborate ruse for a financial escape, investigators are actively coordinating with airport and immigration authorities to verify the couple’s travel manifests. Cyber crime units are analyzing the last known locations of their mobile devices. Cyberabad police officials stated that if backend verification confirms that the couple is hiding in Europe to evade prosecution, they will initiate formal procedures, including issuing look-out notices and writing to the Switzerland Embassy to locate and deport the suspects.
