Perala Vidya Granted Bail in Chit Scam

Authority: High Court for the State of Telangana, Hyderabad

Order Date: 06 July 2026

Case Overview

• Petitioner: Smt. Perala Sri Vidya (Accused No.4) vs. State of Telangana represented by Public Prosecutor.
• FIR No.06 of 2024 registered by CID, EOW, Hyderabad concerning alleged cheating under IPC §§420, 406, 409 r/w 34 and Chit Funds Act §§76, 79.
• Allegations: Subscription of Rs 25,00,000 to Akshara Chit Fund Pvt. Ltd, non‑payment of prized chit amounts, issuance of post‑dated cheques that were returned, closure of branches, and large‑scale fraud affecting many victims.
• Petitioner was in judicial custody from 01 April 2026; no charge sheet filed after 90 days.
• Prosecution argued 100 cases registered against petitioner, seriousness of offence; defence claimed innocence and lack of charge sheet.

Final Outcome

• Court granted regular bail subject to:
• Personal bond of Rs 25,000 with two sureties of equal amount.
• Mandatory appearance before the SHO of CID, EOW, Rangareddy every Monday between 09:00‑17:00 for eight weeks or until charge sheet is filed.
• Compliance with conditions of Section 437(3) CrPC (now Section 480(3) of the BNSS).

Topics: Criminal Law, Chit Fund Fraud