Economic Offences Wing (EOW) and Commercial Crime Investigation Wing (CCIW) of police department and Revenue Department conducted a meeting near here on Monday to spread awareness on fraudulent financial companies. It was held at the Primary Agricultural Cooperative Rural Development Bank, Thurinjapuram, in Mallavadi village.
Tiruvannamalai Tahsildar Murugan, Deputy Registrar of Cooperative Societies Nandhakumar, Primary Agricultural Cooperative Credit Society president Govindasamy, CCIW inspector B.Manoharan, Sub Inspectors Manonmani and Prema spoke about how these firms lured the depositors.
Awareness visuals were screened and pamphlets were distributed.
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Speakers said that the there was mushrooming of financial companies that offer attractive returns. Many collect crores of rupees from people in the guise of online trading and vanish. Most of the victims happen to be daily wage earners, salaried class and pensioners. They deposit their hard earned money in these companies and when they are cheated their lives shatter, they said.