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KBC scam accused handed over to Nanded Police

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The prime accused and promoter of KBC Multi Trade Ltd, Bhausaheb Chavan and his wife Aarati, who were in police custody here in connection with a case of cheating thousands of investors through chit-fund schemes, have been handed over to the Nanded police.

According to the Economic Offences Wing (EOW) of the city police, the handover followed directives from a district court on Friday evening, after their 14-day police remand ended. Both the accused allegedly cheated investors in Nanded and Parbhani to the tune of Rs. 44 crore, the court was told.

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