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EOW sleuths arrest 2 more suspects in financial scam involving Hijau Associates

CHENNAI: The State police’s Economic Offences Wing (EOW)-CID has arrested two more suspects – director of the firm Kalaiselvi and her husband, Ravichandran, who was also the MD – in connection with a major financial fraud allegedly committed by Hijau Associates, a financial firm which collected deposits totalling Rs 4,400 crore from nearly 89,000 depositors and cheated them. The EOW has so far received over 13,000 complaints from cheated persons across the State. It has registered a case against 21 persons including the directors of the company, Alexander and Soundararajan. They have been booked under several IPC sections including 420 (cheating) and Section 5 of TN Protection of Interests of Depositors Act, 1997, and Sections 21 (3), 22, 23, 24, 25 of Banning of Unregulated Deposit Schemes Act. Victims can reach out to investigation officers at hijaueowdsp@gmail.com.

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2023-04-02T07:00:00.0000000Z

2023-04-02T07:00:00.0000000Z

https://news.dtnext.in/article/281685439110366

Daily Thanthi