Investors besieged the ‘Arutra’ financial institution in Ranipet-Nemily and staged a protest.
Arudra Nidhi Institute was started last year in Nemili next to Arakkonam in Ranipet district. More than 10,000 people invested more than 65 crore rupees due to the attractive advertisement of high interest rate. After three months interest was paid to them, the management of the financial institution went into hiding.
The investors filed a complaint with the District Economic Crimes Police. Till now the police have not recovered the money. Investors besieged the office of this financial institution in Nemili Main Bazaar yesterday at 11:00 am and protested. They dispersed after the Nemili police said that ‘the money will be returned through the court’.
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