Amaravati, March 3 (PTI) Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday promised to act against a chit fund company in Palnadu district which allegedly cheated hundreds of people.

While returning from the Secretariat to his Undavalli riverfront residence the Chief Minister came across a large group of people who were allegedly swindled by Sai Sadhana Chit Fund from Narasaraopeta.

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"I went to the victims who came to my residence in Undavalli. They told me that Sai Sadhana Chit Fund company cheated them. I Will take action against the culprits from the government side to do justice to the victims," said Naidu in a post on X.

The people described to the Chief Minister how they all lost their hard-earned money, and Naidu promised to take action and uphold justice.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)