Depositors of finance firm participate in protest meeting seeking govt. action in recovering funds

A large number of depositors of the Mylapore Hindu Permanent Fund Nidhi Limited (MHPFNL) participated in a protest meeting held outside the Rajarathinam stadium in Egmore on Monday to draw the attention of the State government to take immediate steps to fast track the recovery of the funds misappropriated three years ago.

The depositors, coming under the banner of Mylapore Fund Aggrieved Depositors Association, said that the investigation by the Economic Offence Wing (EOW) of the city police was moving at a snail’s pace. They demanded the intervention of the State government to take speedy action to recover the funds of over 6,000 depositors.