Financial fraud: Tharayil Finance owner surrenders before police
Pathanamthitta: Tharayil Finance owner Saji Sam, who was absconding after being booked on financial fraud charges, surrendered before the police. Saji Sam arrived at Pathanamthitta DYSP office on Wednesday afternoon and surrendered. He said that he would return everyone's money.
According to the complaint, Pathanamthitta native Saji Sam swindled about Rs 50 crore from the investors of Tharayil Finance. Many people who invested in the company lodged complaints in various police stations the other day. With this, Saji Sam absconded with his family.
The police released a lookout notice to trace Saji Sam, but he surrendered while the probe was progressing. So far, 18 cases have been charged in Adoor station against Tharayil Finance. Adoor CI Binukumar said that Rs 2 crore was swindled from the investors as per the complaints.