Depositors Block Highway Demanding Police Action Against Chit Fund Operator in Tamil Nadu
Around 200 depositors staged a road blockade on the Madurai-Quilon highway in Tamil Nadu on Wednesday, demanding police intervention to recover money from a chit fund operator named Kaleeswari who has allegedly failed to disburse promised amounts. Kaleeswari had been operating the chit business for over 25 years, collecting monthly deposits ranging from ₹1 lakh to ₹25 lakh from members, but faced collection difficulties in the past two years. The protest highlights concerns about delayed disbursements, alleged police inaction due to the operator's connections, and the vulnerability of depositors in informal financial schemes.
Approximately 200 people, including women, blocked the Madurai-Quilon highway in Srivilliputtur, Virudhunagar district, on Wednesday to protest against police inaction in recovering their money from chit fund operator Kaleeswari. According to police, Kaleeswari had been operating the chit business for over 25 years, collecting monthly deposits from members in denominations of ₹1 lakh to ₹25 lakh and providing interest on some deposits. Over the past two years, she encountered difficulties collecting dues from group members and allegedly began collecting money from new members while delaying disbursements on promised dates. Depositors claimed that Kaleeswari refused to return their money when demanded and that police avoided registering cases due to her familiarity with some officers. After lodging complaints without receiving justice, the depositors resorted to the highway blockade. Police arrived approximately one hour after the protest began and promised to register a case within two days, following which the protesters dispersed. Kaleeswari's relatives countered by threatening legal action and claiming connections with TVK functionaries.
What's missing
The total amount of money involved in the alleged default, the number of affected depositors, and the current status of the police investigation or case registration are not specified in the article.
What different sources said
- The HinduCenter
Depositors block highway demanding police to help get their money from a chit fund operator
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