The police registered a case against Vivekanandan of Negamam under three sections for misappropriating Rs.10.12 lakh while working as a collection agent for Amman Finance Company which provides loans for vehicles and collects the EMIs.
Coimbatore: Amman Finance Company, a private finance company, which functions at Venkatesa Colony in Pollachi in Coimbatore district provides loans for purchasing two-wheelers and four-wheelers.
Vivekanandan (31), a resident of Kallipatti in Negamam, had joined the financial institution six years ago as a sales representative. His job was to collect installments from customers every month and pay them to the finance company. Vivekanandan had not reported for work since July 27 and no one could trace him since his cell phone was always switched off.
As a result, the finance company became suspicious and audited their accounts. To their shock, they discovered that Vivekanandan had misappropriated Rs. 10.12 lakh from the company. The Director of Amman Finance Company, Ramkumar, immediately lodged a complaint with the Coimbatore District Crime Branch Police.
On the basis of the complaint, the District Crime Branch Police Inspector Rajeshwari conducted an inquiry on the orders of the District SP V Badrinarayanan. During investigation, it was revealed that Vivekanandan, who was working in Amman Finance had misappropriated Rs. 10.12 lakh from the company during his job as a collection agent.
Following this, a case was registered against Vivekanandan under three sections, including cheating. The police traced him, arrested him and lodged him in jail.
Vivekanandan (31), a resident of Kallipatti in Negamam, had joined the financial institution six years ago as a sales representative. His job was to collect installments from customers every month and pay them to the finance company. Vivekanandan had not reported for work since July 27 and no one could trace him since his cell phone was always switched off.
As a result, the finance company became suspicious and audited their accounts. To their shock, they discovered that Vivekanandan had misappropriated Rs. 10.12 lakh from the company. The Director of Amman Finance Company, Ramkumar, immediately lodged a complaint with the Coimbatore District Crime Branch Police.
On the basis of the complaint, the District Crime Branch Police Inspector Rajeshwari conducted an inquiry on the orders of the District SP V Badrinarayanan. During investigation, it was revealed that Vivekanandan, who was working in Amman Finance had misappropriated Rs. 10.12 lakh from the company during his job as a collection agent.
Following this, a case was registered against Vivekanandan under three sections, including cheating. The police traced him, arrested him and lodged him in jail.