The City Police on Tuesday arrested two persons, employees of a private finance firm involved in chit fund schemes, on charges of cheating.

According to the police, the firm based at Kottayam in Kerala had a branch office on Avanashi Road and had 15 branches in Tamil Nadu in places such as Tirupur, Udumalpet, Erode and Salem.

One of the investors, Rajagopal (32) of Ganapathy, preferred a complaint stating that the firm failed to refund his investment as promised and the cheque issued by the firm had bounced. Inquiries revealed that the firm had cheated 30 persons to a tune of Rs.18 lakh. Based on the preliminary findings, the police have registered a case of cheating against Manikandan (31) of Ramanathapuram and Nithyanandam (28), who were in charge of the firm in Coimbatore. Investigations are on.

Temple burgled

Burglars broke into the Madurai Veeran Temple on Mettuppalayam Road near Kavundampalayam Housing Board Colony on Monday night and decamped with nearly half-a-sovereign jewellery and looted the hundial. Special teams have been formed to nab the culprits. Investigation is on.

Case registered

Based on a complaint from the West Zone of the Coimbatore Corporation, police have registered a case against 15 persons, including women, on charges of usurping a reserved site belonging to the local body in Vadavalli area.

Investigations are on.

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