6 months ago
2
Claiming that a backstage concern steadfast had cheated them of respective crores of rupees, investors blocked the Sathyamangalam–Coimbatore National Highway present connected Wednesday (November 5, 2025).
The investors said the firm, headquartered successful Sathyamangalam with branches successful Gobichettipalayam and Coimbatore, had collected immense sums from the nationalist done assorted chit money and deposit schemes. Over a 100 radical from Sathyamangalam and adjacent areas had reportedly deposited lakhs of rupees successful the firm.
In caller months, the institution allegedly failed to instrumentality the maturity magnitude and delayed payments to customers who had completed their instalments. Attempts to interaction the institution officials proved futile arsenic their phones remained switched off.
On Tuesday greeting (November 4, 2025), implicit 50 affected customers gathered successful beforehand of the firm’s bureau and staged a protestation demanding repayment. Police rushed to the spot and held talks with the protesters. The adjacent day, much than 100 investors blocked the highway, seeking contiguous enactment to retrieve their deposits.
The protesters said they had invested their savings, trusting the company’s advertisements and promises, but were cheated of their money. The constabulary officials asked them to taxable written complaints, pursuing which the protesters withdrew their roadworthy blockade.
