Coimbatore-based private finance firm accused of multi-lakh rupee fraud

A victim files a complaint with the Coimbatore City Police Commissioner's office against a private finance company for allegedly defrauding him of several lakhs by promising high interest rates.


Coimbatore: A man from Sivakasi district has filed a complaint with the Coimbatore City Police Commissioner's office against a private finance company, accusing them of fraud amounting to several lakhs of rupees.



The complainant, Saravanan from Sivakasi district, became acquainted with Vivek Sethu and Vishwalingam of Daily View Trading, a company operating in the Gandhipuram area of Coimbatore, through online interactions. The accused allegedly promised high returns on investments in their trading company, prompting Saravanan to invest.



Initially, Saravanan received the promised interest payments regularly, which encouraged him to invest more money. Over time, he deposited up to Rs. 22 lakhs with the company. However, after four to five months, the interest payments suddenly stopped.

Upon investigation, Saravanan discovered that Vivek Sethu and Vishwalingam had vacated their office and disappeared. He initially filed a complaint with the DSP office in Virudhunagar, who advised him to approach the Coimbatore police.

A case was registered at the Rathinapuri police station in Coimbatore in 2022. However, Saravanan claims that no action has been taken on the case so far. In his complaint to the Coimbatore City Police Commissioner's office, he requested quick action to recover his money, citing health issues.

The victim expressed his frustration over the lack of progress in the investigation since 2022 and urged the authorities to take swift action to recover his funds and apprehend the accused.

Nepal Flash Floods: Tamil Nadu Govt Announces Helplines for Stranded Tourists

The TN Govt has announced 24/7 helpline numbers to assist residents from the state stranded in Nepal amid flash floods....

Man Booked for Car Accident, Assault Near Vadavalli in Coimbatore

A 22-year-old man was arrested in Coimbatore’s Vadavalli after allegedly assaulting a man following a dispute over rash...

Milad-un-Nabi: 2,000 Kg of Ghee Rice Prepared in Coimbatore; Meal Distribution Reaches Over 20,000 People

On the occasion of Milad-un-Nabi today, the Sunnath Jamaath organised a meal distribution programme for the 11th consecu...

Valparai’s Chinnakalar Records Highest Rainfall of 57 mm in Coimbatore District

Chinnakalar in Coimbatore’s Valparai region recorded the district’s highest rainfall of 57 mm, while Siruvani received 1...

Special Trains: Mysuru–Kannur and Kannur–Bengaluru Services to Halt at Coimbatore’s Podanur

Southern Railway’s Salem Division has announced two special trains—Mysuru–Kannur on August 29 and Kannur–Bengaluru Canto...

Price Dispute: Bakery Owner Arrested for Assaulting Water Supplier’s Son with Sickle in Coimbatore

A bakery owner in Vilankurichi, Coimbatore, was arrested after allegedly attacking the son of a water-can supplier with...