Copyright thehindu
The Central Crime Branch (CCB) has arrested two persons, including one of the directors of a chit fund company, in connection with a fraud involving over ₹2.4 crore in Arumbakkam. According to the police, Dilli Babu, 39, of Kovilambakkam, had been investing in Achilles Chit Fund Pvt. Ltd. in Arumbakkam since 2019, paying about ₹2.17 lakh. After the chit matured, he and around 70 other investors were allegedly cheated, as the company failed to return their money. The company’s directors Yuvaraj and Anandan and accounts manager Vinoth Kumar reportedly closed the office and absconded. Based on complaints filed by Dilli Babu and other victims of the alleged fraud, the CCB’s Chit Fund and Usury Investigation Wing registered a case on September 8, and began inquiries. Following investigation, the police arrested Anandan, 48, of R.S. Puram, Coimbatore, and Vinoth Kumar, 32, of Arumbakkam Both were produced before the CCB and CBCID Court in Egmore and remanded in judicial custody.
