Chit fund case transferred to Guindy Economic Offences Wing

A release from the Economic Offences Wing (EOW) has invited investors, who were cheated by the firm but didn’t lodge an official complaint yet, to do so at the earliest. Inspector K Chitra, attached to EOW said that Senthil Velan, who ran the firm and a chain of fast food restaurants, had drawn several investors to deposit their hard-earned money promising high returns. 

But, when the maturity period arrived he failed to return the deposit as well as the interest promised resulting in the investors approaching the police. Senthil Velan is out on bail. 

The case is now transferred to Guindy EOW for further investigation.