Indian couple linked to ₹ 50 crore scam disappears en route to Switzerland, daughter files complaint without contacting him

A few days after they went on a sightseeing trip to Switzerland, he was reported missing. According to an India Today report, no communication could be established with them as their mobile phones remained switched off for more than 20 days.

The missing couple identified as Pabba Chandrasekhar and his wife Pabba Swapna were residents of Cherlapally in Hyderabad who were allegedly involved in ₹50 million scams. According to the city police, Chandrasekhar ran a cement financing firm called Sri Venkateshwara Marketing and Chit Fund in Kushaiguda for three decades, Deccan Chronicle reported.

The couple’s daughter, Pabba Shreya, filed a complaint at the Charlapalli police station after she failed to contact her parents and a missing persons report was registered on July 9. She said in her complaint that she was unable to contact her parents for more than three weeks despite repeated attempts, India Today reported quoting her statement. The Hyderabad couple remained in regular contact with their family during the first days of their vacation, police said.

An investigation is underway to trace the couple as officials look into all possible leads and even try to reach out to relevant authorities and agencies to gather information and investigate details of their whereabouts and circumstances.

Investors blame Pabba Chandrasekhar ₹50 million scams

However, a Deccan Chronical report published on Saturday indicated that their daughter was in contact with her parents until July 8, the last date she heard from them before her parents went into self-isolation. The couple reportedly left their home in Cherlapally on June 22.

When news of their disappearance spread, investors connected to Chandrasekhar’s chit fund business gathered outside his house to protest. The investors demanded repayment, claiming he had borrowed large sums for his daughter’s wedding and the family’s health problems.

The complainant, identified as B Sabita, accused Chandrasekhar of fraud and said he took millions from locals by luring them with promises of quick repayments and high interest rates. Another complainant, G Satyanarayana, alleged that Shreya’s father had taken ₹50 million from over 70 people before disappearing. Another fraud-related case has been registered, Malkajgiri Commissioner of Police B Sumathi confirmed to the publication. While authorities are examining the financial records, one senior officer said, “We are looking into all angles and may write to the Swiss embassy if necessary,” said a senior officer.

Amid the growing number of scams, Hyderabad police warned: “Think for a moment why these ‘money doubling trade secrets’ are being given to you for free. Don’t fall for words that promise tens of thousands of returns on investment. Don’t go for easy money and get scammed.”