Mylapore Hindu Fund scam: T.N. police assure expeditious relief to depositors
4 days, 14 hours ago

Mylapore Hindu Fund scam: T.N. police assure expeditious relief to depositors

The Hindu  

The Economic Offences Wing of the Tamil Nadu police have assured the depositors in the scam involving the Mylapore Hindu Permanent Fund Nidhi Limited of expeditious relief. In a press release, the police said a preliminary charge sheet was filed before a special court on November 11, 2024, against the company and its directors. “As per the commitment of EOW, expeditious measures are being taken for restitution of the defaulted amount to the depositors, through the competent authority as provided for under TNPID Act,” the release said. The police had registered a case against the fund company and its directors under the provisions of the Tamil Nadu Protection of Interests of Depositors Act, 1997, for cheating depositors who invested their money in attractive schemes with the rates of interest varying between 10% and 11%.

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