Private Finance Firm Allegedly Defrauds Depositors of Crores in Thiruvananthapuram |

Several depositors in Thiruvananthapuram were allegedly scammed out of crores of rupees by a private finance firm. The firm promised 18% interest on deposits, but failed to deliver on their promises. Cases have been registered against the chairman and other staff members of the firm under various sections of the law. The depositors, who were cheated, have come together and filed complaints with the police. The investigation is ongoing, with evidence being collected to verify the allegations. The accused are currently on the run, and more details about the fraud will be revealed as the investigation progresses.