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23 May 2018, Edition - 1044, Wednesday

FLASH NEWS:

  • Indian Air Force Cheetah helicopter crash-lands in Natha Top in Jammu and Kashmir
  • NHRC takes cognizance of Tuticorin violence, issues notice to Tamil Nadu Chief Secretary and DGP
  • The Madras High Court directed Vedanta to stop the construction of the second unit of Sterlite copper smelter plant
  • Tamil Nadu government forms judicial commission to probe Tuticorin violence
  • J&K: Grenade attack in Bijbehara as 7 civilians were injured
  • MHA has sought a report from Tamil Nadu Government on the violence in Tuticorin
  • Mudarai HC stays expansion of Sterlite copper smelter plan
  • US President Donald Trump warned that his landmark summit with Kim Jong Un may not take place as planned
  • Sec 144 imposed in and around Tuticorin till May 25th
  • Shops were shut and 5000 policemen were deployed in Tuticorin after 11 people died while protesting against the Sterlite Plant

Coimbatore

Chit fund owner, grandson arrested

Covai Post Network

COIMBATORE: A 72-year-old man and his grandson were arrested for allegedly cheating over 500 people of Rs. 9 crore in the name of chit funds.

According to police, Velusamy of Bodipalayam of Madukkarai was running a chit fund company – Thulasiyammal Chits (P) Ltd – since 2008, with wife, son, daughter-in-law, daughter, son-in-law and grandson as directors.

About 500 people joined various schemes and deposited Rs. 9 crore. One week ago they came to know that the family has absconded and lodged a complaint, police said.

Investigations led to the arrest of Velusamy and his grandson Gokulnath late on Tuesday night and were produced before TANPID Court that remanded them to judicial custody. Preliminary investigations revealed that the family has purchased apartments, agricultural land, house sites, stone crushers and gold ornaments with the chit money.

COIMBATORE WEATHER