Chief Educational Officer of Ramanathapuram district on Thursday placed two teachers under suspension after the Economic Offences Wing (EOW) police arrested them on charges of financial fraud.
Police said that Neethimani and his wife Menaka of Chennai started a finance company and received deposits from public. They offered high rates of interests and engaged many people as “agents”, especially teachers from government schools. Since March 2020, the company neither paid interest nor returned the deposits to the depositors and two teachers lodged a complaint with the Bazaar police.
Along with Neethimani, a government school teacher Anand from the district figured as a co-accused and both were arrested. The two obtained bail subsequently.
The case was transferred from the district crime branch to EOW police, following which they arrested two more persons identified as M Arockia Rajakumar, 45, and C Murugavel of Ramanathapuram, who are working as teachers in government schools. After registering cases, the police produced them before a special court in Madurai, which sent them in judicial custody. Based on the criminal cases registered against Arockia Rajakumar and Murugaval, the CEO suspended them, police added.
EOM
