VELLORE: A 28-year-old agent of LNS International Financial Services, a Vellore-based private firm which is involved in a multi-crore fraud case, is believed to have died by suicide at his home in Sevoor near Katpadi in Vellore. Police found a suicide note allegedly written by the deceased, identified as V Vinoth Kumar. “I apologize to everyone who trusted me and invested their money in the business. And I hope my end brings them some money,” it read.
On August 5, the Chennai Economic Offenses Wing (EOW) had conducted a statewide search of 21 company-owned premises in Chennai, Tiruvallur, Kancheepuram, Vellore, Ranipet and Coimbatore. EOW detectives carried out the search based on an instruction from Madras HC which recently received a petition from an investor.
He found that the company had collected crores of money in the form of deposits from the public promising a return of 6% to 10% in the form of monthly interest. But, he did not pay them the interest as well as the principal amount, a press note said. “During the search, detectives seized cash worth 1.05 crore, 40 gold sovereigns, a car, the hard drives of 13 computers, five laptops, 14 mobile phones, a tab and 220 documents,” he noted.
Three siblings – S Janarthanan, S Lakshmi Narayanan and S Vedhanarayanan – and their cousin Mohan Babu, who run the business, are on the run, police said. Meanwhile, agent Vinoth Kumar, in his suicide note, said he had deposited money from investors who approached him and asked investigators to return the money to the investors. Thiruvalam Police registered a case under Section 306 of the IPC. Another probe is on the way. The district police advised the company’s investors not to take extreme measures.
(Assistance for those with suicidal thoughts is available on the TN 104 Helpline)
EOW Notice
The EOW, in the press release, said petitioners can contact [email protected] to file their complaints. Citizens are advised to save/deposit their money only in approved financial institutions which have been updated on the RBI website
VELLORE: A 28-year-old agent of LNS International Financial Services, a Vellore-based private firm which is involved in a multi-crore fraud case, is believed to have died by suicide at his home in Sevoor near Katpadi in Vellore. Police found a suicide note allegedly written by the deceased, identified as V Vinoth Kumar. “I apologize to everyone who trusted me and invested their money in the business. And I hope my end brings them some money,” it read. On August 5, the Chennai’s Economic Offenses Wing (EOW) had conducted a statewide search of 21 company-owned premises in Chennai, Tiruvallur, Kancheepuram, Vellore, Ranipet and Coimbatore. the research based on an instruction from Madras HC which recently received a petition from an investor found that the company had collected crores of money in the form of deposits from the public promising a 6% return at 10% in the form of monthly interest. But, he did not pay them the interest as well as the principal amount, said a press note. “During the search, the detectives seized money from a worth 1.05 crore, 40 gold sovereigns, a car, the hard drives of 13 computers, five laptops, 14 mobile phones, a tab and 220 documents,” he noted. Three siblings – S Janarthanan, S Lakshmi Narayanan and S Vedhanarayanan – and their cousin Mohan Babu, who run the business, are on the run, police said. Meanwhile, agent Vinoth Kumar, in his suicide note, said he had deposited money from investors who approached him and asked investigators to return the money to the investors. Thiruvalam Police registered a case under Section 306 of the IPC. Another probe is on the way. The district police advised the company’s investors not to take extreme measures. (Assistance for those with suicidal thoughts is available on the TN 104 hotline) EOW Notice The EOW in the press release said petitioners can contact [email protected] to file their complaints. Citizens are advised to save/deposit their money only in approved financial institutions which have been updated on the RBI website
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