Published: 06th August 2018
Hundreds of youth cheated by a group in Coimbatore posing to operate as a bank
G Senthilkumar, who had worked as a manager in Muthoot finance company, a year ago resigned the job and joined this firm after paying Rs 2 lakh sum as a security deposit
Similar to 'Sathuranga Vettai' movie in Tamil which exposed multiple cheating methods, a group of people calling themselves as bankers have duped in crores of money from educated youths and the public by the way of getting lakhs of money for providing job and collected recurring deposit, fixed deposit by luring the public in high interest.
The Happy Future Multipurpose Co-operative Society Ltd, at RS Puram in the city, announced as they are a financing firm and going to convert it as a bank soon, has cheated Rs 2 lakh-Rs 5 lakh from 600 graduates across the state. The firm had run 10 - 12 branches at each district, claiming they are a banker had been collecting recurring deposit, fixed deposit and the opening of a saving account from the public through the youths showing them as their staff. Believing their announcement as they would offer a permanent job in the bank if any of graduate wants a job has to buy their company share paying a sum of Rs 2 - 5 lakh. Against the sum, they used to issue a share certificate mentioning their registration number as provided by Government of India.
Now, members of the company absconded, their head office at RS Puram was shut down for last six months. Realizing that they were cheated by the firm, youths across the western district in the state including investors came to District Collector office on Monday demanding to retrieve their money and action on the culprits. Then, he was asked to work as a manager at Kumarapalayam which they company had established. The BA graduate, even without receiving any salary for nearly a year of the period, collected RD, FD, saving deposit from 150 persons and deposited their account of the company. Tempting up getting of 9.5 per cent interest, many of investors had deposited a minimum Rs 1 lakh and above. Now, the investors are G Senthilkumar, who had worked as a manager in Muthoot finance company, a year ago resigned the job and joined this firm after paying Rs 2 lakh sum as security deposit thronging up Senthilkumar's home.
"Since the company was referred by my close relative, he himself worked as a secretary in it, I gave the sum and started working after quitting up earlier job. On assurance that the job was similar to central government, I paid the sum and started collecting the deposit from public. Even I have not even been paid a monthly salary as assured for Rs 22,000 after a probation period of six months." K Saravanan, an M.E graduate for Thammampatti in Salem district, paid Rs 1.5 lakh and he had collected the deposit from 300 persons in their native.
P Ramaraj, 55, Thammampatti, an investor in the so-called bank for Rs 1 lakh as RD, comes to get mature in this month. With the account book, the company provided to him, he had come to collector office on Monday. Similarly, nearly 50 youths and investors who came to Collector office had stories about the way they were cheated. After getting the complaint from them, their complaint was forwarded to City Police Commissioner Office by District Administration