What began as a routine missing persons investigation into a Hyderabad couple vacationing in Europe has taken a dramatic turn. Cyberabad police are now investigating a massive financial angle, looking into claims that the pair may have staged their disappearance and fled the country after allegedly duping dozens of local investors out of nearly ₹50 crore.
The couple, identified as 51-year-old businessman Pabba Chandrasekhar and his 42-year-old wife Swapna, are residents of Cherlapally in Hyderabad. Chandrasekhar has reportedly run a cement finance operation, Sri Venkateshwara Marketing, alongside a local chit fund business in Kushaiguda for nearly three decades.
The Timeline of the Disappearance
According to police reports, the couple departed their Hyderabad home on June 22, 2026, for what was supposed to be a scenic holiday in Switzerland.
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Initial Days: During the early leg of their European trip, the couple remained in regular communication with their family, sending updates back home.
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July 8, 2026: All outward communication from the couple abruptly ceased. The last message received by their family was logged on this date before both of their mobile phones went offline.
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July 9, 2026: Anxious after repeated failed attempts to reach her parents, their 23-year-old daughter, Shreya, a software professional, approached the Cherlapally police station to lodge a formal missing persons complaint.
Protests Erupt as Multi-Crore Scam Unfolds
As word of the couple’s sudden disappearance spread through Kushaiguda and Cherlapally, anxious investors connected to Chandrasekhar’s chit fund business quickly assembled outside the family’s residence to protest and demand their money back.
Initial police inquiries quickly uncovered that the couple owed astronomical sums to a wide net of local citizens. More than 70 people have come forward, alleging that Chandrasekhar systematically borrowed large sums of money over the last few years under the pretext of funding his daughter’s marriage, addressing family health crises, or expanding his businesses, while promising incredibly attractive returns. One complainant, G. Satyanarayana, alleged that the total pool of collected funds sits at roughly ₹50 crore.
Police Investigate All Possibilities
While the Malkajgiri police communications team confirmed that a financial fraud probe has been initiated alongside the initial missing persons report, no formal cheating charges have been officially filed as the initial verification gets underway.
Cyberabad investigators are currently auditing the couple’s domestic financial records, banking transactions, travel itineraries, and official immigration data. Law enforcement officials emphasized that they are keeping all possibilities on the table, including an elaborate case of voluntary disappearance to evade debt collectors. A senior officer noted that local police are coordinating with central passport and immigration authorities, and plan to formally write to the Switzerland Embassy if required to verify if the couple ever physically cleared Swiss customs.
