The Semmenchery police arrested a couple who allegedly cheated over 1,000 people to the tune of over Rs. 45 lakh after floating a chit fund. Natarajan (45) and his wife Ushanandhini (41), residents of New Kumaran Nagar, Sholinganallur, operated the chit fund for five years and enlisted over 1,000 depositors, mostly women. Last November, the couple absconded when the chit fund was due to be issued for Deepavali. Clients who lost their deposits lodged complaints with the police following which, a special team was formed. Natarajan and Ushanandhini were arrested on Monday.