The city police have arrested a person who aided a chit fund manager in swindling money using another person’s house documents, who had loaned money from the chit fund.
Coimbatore: The city police have arrested a person who aided a chit fund manager in swindling money using another person’s house documents, who had loaned money from the chit fund.
Police arrested a man who allegedly pawned a deed in a chit company in Thudiyalur and cheated him of ₹.50-lakhs.
Suryakumar, (48), a native of the Thudiyalur NGGO colony, obtained a loan of ₹.50-lakhs on two chits in a private chit fund company in the same area. Reportedly, the company manager Saravana Selvan, (49), obtained Suryakumar's house deed as a guarantee of chit money and later along with Murugesan, (51), of Pudur, unlawfully mortgaged Suryakumar's house deed to the same company and swindled ₹.50-lakhs.
Surya Kumar later received a bid notice for non-repayment of interest on the loan. He then lodged a complaint with Coimbatore District Crime Branch Police. Police registered a case and arrested Murugesan and lodged him in prison.
Police arrested a man who allegedly pawned a deed in a chit company in Thudiyalur and cheated him of ₹.50-lakhs.
Suryakumar, (48), a native of the Thudiyalur NGGO colony, obtained a loan of ₹.50-lakhs on two chits in a private chit fund company in the same area. Reportedly, the company manager Saravana Selvan, (49), obtained Suryakumar's house deed as a guarantee of chit money and later along with Murugesan, (51), of Pudur, unlawfully mortgaged Suryakumar's house deed to the same company and swindled ₹.50-lakhs.
Surya Kumar later received a bid notice for non-repayment of interest on the loan. He then lodged a complaint with Coimbatore District Crime Branch Police. Police registered a case and arrested Murugesan and lodged him in prison.