30 lakh cheating complaint against finance firm

Many Investors today lodged a complaint with the Erode SP office alleging that the Amudasurabi Thrift and Credit Co-operative Society had defrauded 300 persons in the Sathyamangalam area to the tune of Rs. 30 lakhs. 

The firm didn't return the deposits. The deposit has been collected on a daily basis. Its Gobi, Salem, Kadambur and Sathy offices were remain closed.  Daily wage workers deposited in the firm on daily basis. The firm has branches in many areas.  The police should take appropriate action so as not to disappoint the people in this way, they said.