Director of financial firm interrogated in fraud case

One of the directors of LNS International Financial Services, wanted successful a large fiscal fraud lawsuit allegedly involving much than ₹850 crore, was interrogated by officers of the Economic Offences Wing (EOW).

A elder constabulary serviceman of the EOW said Vedhanarayanan, 1 of directors of LNS International Financial Services, was secured past period done a Look Out Circular (LOC) astatine the Chennai airdrome aft helium landed from the U.K. “We took him into custody and interrogated him connected Tuesday, and helium was returned to judicial custody connected Thursday,” the serviceman said.

The constabulary said LNS International Financial Services had collected wealth arsenic deposits from the nationalist with the mendacious committedness of 6% to 10% successful monthly interest. But the institution failed to wage the monthly involvement arsenic good arsenic the main magnitude to the depositors. More than 1 lakh radical deposited over ₹6,000 crore successful the firm.