ERODE: Acting on a complaint by a depositor, the Economic Offences Wing Police here on Wednesday registered a fresh case against a Chennai-based private finance firm. Many depositors have earlier filed complaints against Kottivakkam based Tycoon Empire International Limited for luring people by promising Rs 8,500 per month as interest on a deposit of Rs1 lakh and not paying the amount. P Thangaraju (37), a Tamil Nadu State Transport Corporation conductor from Sathy, said his co-worker had introduced him to the deposit scheme. Thangaraju said, he had deposited Rs 50,000 in his and his wife’s name all with the firm. But both did not receive any money. Rs 8 Crore Cheating“It looks like another Paazee, the forex trading scam that was handed over to the CBI. Preliminary investigations hint at the fact that more complaints against Tycoon Empire International will pour in once the probe begins,” said some of the police officials in Erode. So far 1,059 depositors in the region had lost `8 crore to the firm.
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