Private finance company raided

Special police teams that were formed to probe a couple’s complaint of cheating against a private finance company at Kumbakonam raided the residence-cum-office of its owners on Thursday and impounded a dozen luxury cars and several documents.

In their complaint to Superintendent of Police Deshmukh Shekar Sanjay last week, Jabarullah and Fairosbhanu said the company failed to repay ₹15 crore to them. Meanwhile, posters alleging that the finance company had cheated investors to the tune of ₹600 crore appeared all over Kumbakonam town.

Subsequently, police raided the company and impounded the documents and a dozen luxury cars on Thursday. A staff of the company was arrested by the special police team on Wednesday night, sources said.

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Printable version | Sep 28, 2021 9:46:22 AM | https://www.thehindu.com/news/cities/Tiruchirapalli/private-finance-company-raided/article35468698.ece

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