The Hindu·2 min read·easy
Man held in alleged ₹4.5-crore deposit fraud
T
The Hindu Bureau
✦AI Summary
The secretary of the Thalassery Vyapari Cooperative Society was arrested in Rameswaram for an alleged ₹4.5-crore deposit fraud. The suspect had been on the run after promising high returns to investors and subsequently closing the institution.
The secretary of the Thalassery Vyapari Cooperative Society, who allegedly absconded after collecting crores of rupees from depositors by promising unusually high interest returns, was arrested by the Thalassery police in Rameswaram, Tamil Nadu.
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