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A major chit scam has erupted in Parvathi Nagar, Hosur.
Farook, who operated a local chit scheme with over 700 contributors, allegedly disappeared with their money.
Victims have filed a complaint with the Economic Offences Wing.
Farook was admitted to the Hosur Government Hospital after consuming poison and later shifted to Krishnagiri Government Medical College Hospital.
The incident highlights the dangers of unregistered chit schemes and the financial stress they cause local families.

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