A group of investors on Thursday thronged the office of the Superintendent of Police, Coimbatore Rural District, accusing a couple, who ran a chit firm, of defrauding them.
According to Muthurani, one of the investors, Prema and her husband Maheswaran ran a chit firm with monthly chits to a tune of Rs. 10,000, Rs. 25,000, Rs. 50,000 and even Rs. 1 lakh. After running it properly for some time, the couple delayed the returns on investments.
In 2013, the couple told the investors that only one third or one fourth of their investments could be returned. After some settlement, the couple have absconded. The investors presented a petition and investigations are on into it.Police official drowns
S. Venugopal (52), a Special Sub-Inspector at Alangiyam police station, Tirupur, drowned in a well.
The police sources said that the official was repairing a motor pump set attached to the well near his house near Dharapuram on Wednesday when he fell into it.
The Dharpuram police are investigating.Killed in accident
K. Sanjith (2), who was hit by a car while playing alongside Palladam-Kosavampalayam road on Wednesday, died at a private hospital in Coimbatore on Thursday. The Palladam police have registered a case against the driver.