Mangaluru, July 03, 2018: A Chennai-based chit firm Thiripura Chit Pvt Ltd has been accused of siphoning off at least Rs 9 crore from around 200 people from Dakshina Kannada.
A case in this connection has been registered at the Economic Offence and Narcotic Drugs (EOND) police station here. Though the incident took place at least a month ago, it has come to light only now.
According to sources, Thiripura Chit Pvt Ltd is a pan-India company with at least 150 branches across the country, including 34 in Karnataka.
Sources said the Mangaluru branch was being run from a building at Karangalpady here. It earned the trust of its customers by prompt service in the initial years. It is through this trust that they lured the customers into investing more in lieu of better returns. However, it remained defunct for some time and the office has now been sealed.
A customer, who has invested at least Rs 50 lakh according to the police complaint lodged by him, said last year he learnt that the company had been running on thin ice and hence wanted to withdraw his investment. He travelled all the way to the head office in Chennai only to realise that the main branch, too, was sealed.
Realising that he and other customers had been taken for a ride, he filed a police complaint. The police have booked the management and employees of the firm.
Meanwhile, a few sources in the media reported that one of the directors of the company named Sumana hails from Mangaluru.
A police officer from EOND said several of the accused have already been arrested by the police in Tamil Nadu and that they are in judicial custody. As regards the fraud in Mangaluru, he said it was being investigated.