Chit fund proprietor attempts to commit suicide

By Our Staff Reporter

CHENNAI, JULY 18. The proprietor of a chit fund company in Seven Wells area, which owed more than Rs.3 crores to depositors attempted to commit suicide and was admitted to a private hospital here.

The police said, they received complaints from several residents in the area that Ms.Sulochana residing at Paramananda Mudali Street, who was running the company was not able to repay the amount to its depositors. Following this a complaint was lodged with the City Central Crime Branch police.

Sulochana was absconding for sometime and she tried to commit suicide at Tirupati and was shifted to a private hospital in the city.

In another case in Tirumangalam area, Mr.Selvam working in the Metropolitan Transport Corporation who is managing a chit fund company, has written to the depositors stating that he had opted for voluntary retirement and would repay the deposits as soon as he gets the retirement benefits.

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Section  : Southern States
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