Bengaluru, July 9 -- A massive chit fund scam has rocked Bengaluru with over 400 victims coming forward to file complaints against a Kerala-based couple who allegedly cheated investors out of nearly Rs 40 crore before fleeing the country to Kenya.

According to Deputy Commissioner of Police, Bengaluru East, D Devaraja, the accused operated under the name A&A Chit Fund and hailed from Alappuzha, Kerala.

While speaking to ANI on Wednesday, DCP Devaraja said, "This was owned by a couple hailing from Alappuzha, Kerala. On 5th July, some people came to PS Ramamurthy Nagar and registered a complaint, saying that they had invested in the A&A Chit Fund company, and now the owners, the couple, are absconding."

DCP Devaraja added, "We registered ...