Hyderabad couple disappear after telling daughters they were flying to Switzerland; police probe alleged ₹50-crore chit fund scam

A Hyderabad couple who told their daughters they were leaving for a holiday in Switzerland has mysteriously disappeared, with police saying there is still no evidence to confirm whether they ever boarded a flight or even left the country.

The couple, identified as P. Chandrashekar (51), a businessman, and his wife P. Swapna, residents of Cherlapally in Malkajgiri, were reported missing after their daughters lost all contact with them following their alleged departure on June 22.

According to the complaint lodged with the Cherlapally police, the couple informed their two daughters, aged 23 and 21, that they were travelling to Switzerland for a vacation. The elder daughter, who works as a software employee, stated that while she was at work on June 22, her mother called to inform her about their travel plans. After she returned home later that day, her parents left for the airport.

While the couple was initially in touch with sisters, they later lost contact and have not heard from them since. Repeated phone calls and text messages have gone unanswered, with both mobile phones reportedly unreachable.

Cherlapally Police Inspector A. Sudhakar said investigators were yet to establish whether the couple had actually travelled to Switzerland.

“It is not clear whether they travelled to Switzerland or not. The daughters have not provided any travel documents or itinerary to confirm the journey. We are investigating to ascertain their whereabouts,” he said.

Police said the parents had shared very little information about their trip before leaving. The daughters do not know where in Switzerland the couple intended to stay or any other details of their itinerary.

A missing person case has been registered, and investigators are examining all possible angles. As part of the inquiry, police are also looking into Chandrashekar’s business dealings following allegations that he may have operated a ₹50 crore chit fund scheme promising high returns to investors before allegedly running into repayment difficulties.

Police, however, clarified that no formal complaint of financial fraud has been lodged against the couple so far.