Trending Now
- “If Edappadi Palaniswami permits, a thousand young members from the Virudhunagar district AIADMK are prepared to take up arms and engage in battle under my command.” – Former AIADMK Minister Rajendra Balaji
- “India is ready to deal with any counter-attack by Pakistan” – Wing Commander Vyomika Singh
- Central govt orders extension of CBI Director Praveen Sood’s tenure for another year
Coimbatore
Coimbatore : 3 arrested for cheating finance firm of Rs 4.69 crore
August 1, 2019
Coimbatore : Police Thursday arrested three persons, including a woman, on charges of cheating a leading finance firm of Rs 4.69 crore taken as loan against property.
According to police, a pump manufacturer Sekar had taken Rs 4,69,46,000 as loan after pledging the property in his and his wife’s name some time ago.
Since Sekhar failed to repay the loan, Bajaj Finance took steps to recover the amount under SARFAESI Act and appointed Vinoth of Paramathivelur, as the operation team manager, they said.
However, Vinoth colluded with the couple and handed over the pledged property documents to them, causing a loss to the firm, they said.
Based on the complaint from regional collection manager of the firm, crime branch police arrested the trio and remanded them.
