Mysore/Mysuru: Many chit funds or as they call it cheeti vyavahara in local parlance have run into trouble after duping the gullible and these cases have brought to light the dark side of the unorganised investment sector.
Despite warnings from the Government and Police cautioning the public not to invest in dubious ventures that promise the sky, people pour their hard-earned money into such chit funds. Though there are banks and post offices in every area where investment is safe though they do not promise high rates of interest, people still invest in unscrupulous cheeti floated by conmen and conwomen.
