Tension was in the air at Punganur municipal town, 60 km from here, on Tuesday evening, when the people learnt that a woman named Bhavani (35), escaped with more than Rs.3 crore, collected from over one thousand people in the name of chits fund business.

The woman, wife of an RTC driver, residing at Chintala Veedhi street, had been running chits fund business for the last three years in the town. During the last few months, she started evading payments to the customers.

The aggrieved parties found her house locked on Saturday. Initially, it was thought that the family was out of station, but the people grew suspicious on Tuesday and broke open the doors to discover that the woman, along with her husband, had fled the place.

The Punganur police rushed to the spot, and controlled the mob frenzy, assuring them that they would track down the woman. A case was registered.