Financial firm winds up branches, depositors file police complaint
The Hindu
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Over six months after the ₹2,000-crore Popular Finance scam rocked Kerala, the functioning of yet another Non-Banking Financial Company (NBFC) has come under scanner with several depositors lodging cheating complaints against it. According to the police, three cases have been registered against the Pathanamthitta-based Tharayil Finance under IPC Section 420 (Cheating and dishonestly inducing delivery of property) based on complaints from the depositors.
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