A chit fund operator from Malkajgiri has allegedly disappeared with over Rs. 1 crore belonging to depositors, the Malkajgiri police said on Tuesday.

A cheating case was registered against the chit fund operator P. Srikanth, who was running a company christened Supraja Enterprises from Malkajgiri for past few years. He was not paying the depositors their money for past two months.

Some depositors approached the police on Tuesday stating that he was not to be seen for the past one week and switched off his mobile phone.

His house at Lalaguda was found locked.

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