Coimbatore-based private finance firm accused of multi-lakh rupee fraud

A victim files a complaint with the Coimbatore City Police Commissioner's office against a private finance company for allegedly defrauding him of several lakhs by promising high interest rates.


Coimbatore: A man from Sivakasi district has filed a complaint with the Coimbatore City Police Commissioner's office against a private finance company, accusing them of fraud amounting to several lakhs of rupees.



The complainant, Saravanan from Sivakasi district, became acquainted with Vivek Sethu and Vishwalingam of Daily View Trading, a company operating in the Gandhipuram area of Coimbatore, through online interactions. The accused allegedly promised high returns on investments in their trading company, prompting Saravanan to invest.



Initially, Saravanan received the promised interest payments regularly, which encouraged him to invest more money. Over time, he deposited up to Rs. 22 lakhs with the company. However, after four to five months, the interest payments suddenly stopped.

Upon investigation, Saravanan discovered that Vivek Sethu and Vishwalingam had vacated their office and disappeared. He initially filed a complaint with the DSP office in Virudhunagar, who advised him to approach the Coimbatore police.

A case was registered at the Rathinapuri police station in Coimbatore in 2022. However, Saravanan claims that no action has been taken on the case so far. In his complaint to the Coimbatore City Police Commissioner's office, he requested quick action to recover his money, citing health issues.

The victim expressed his frustration over the lack of progress in the investigation since 2022 and urged the authorities to take swift action to recover his funds and apprehend the accused.

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