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The Hindu
The Hindu
National
The Hindu Bureau

T.N. Police file affidavit in Madurai court seeking custody of Pranav Jewellers owner

Madurai EOW Prakash Raj Police

The Economic Offences Wing (EOW) of the Tamil Nadu Police, on Friday (December 8, 2023) filed an affidavit in the Special Court for the Tamil Nadu Protection of Interest of Depositors (TNPID) Act in Madurai, seeking 10-day custody of S. Madhan, owner of Pranav Jewellers.

Sources in the EOW, which is probing a case registered against Pranav Jewellers for allegedly cheating depositors through its chit fund scheme, said Madhan, who had been absconding, surrendered before the TNPID court in Madurai on December 7, 2023.

Following his surrender, the TNPID court remanded him in judicial custody till December 21. Following this, the EOW, Tiruchi Unit, filed an affidavit in the TNPID court in Madurai seeking custodial interrogation of Madhan.

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