INTERPOL ALERT ON INDIAN FUGITIVE HIDING IN MALAYSIA

By P. Vijian

CHENNAI, July 15 (Bernama) -- A man who allegedly defrauded millions of
ringgit in an illegal fund scam in Tamil Nadu, is believed to be in hiding in
Malaysia over the past 10 years.

The fugitive, his wife and son fled to Malaysia in 2000 when the law turned
on the heat to detain them for cheating 46,000 depositors in Chennai after their
get-rich-quick scheme went bust.

The family also failed to pay the RM1 million (US$1=RM3.2) surety set by the
Madras High Court.

Last Monday, the police arrested the 59-year-old wife when she returned from
Malaysia to Bangalore, India for medical treatment.

The Tamil Nadu police's economic offences wing (EOW) has currently sought
the
help of Interpol to detain the man and his son.

Its Deputy Superintendent of Police A. Anarkali Begum told Bernama Thursday
that the fugitive's wife admitted that her husband was still in hiding in
Malaysia and that she had been visiting India and a few Asean countries
regularly.

"However, she has declined to reveal the whereabouts of her son," she
said, adding that a 'Look Out Notice' had been put up at all airports for both
father and son.

The family had been operating the get-rich-quick scheme -- Alwarpet Chit
Funds -- in Chennai, promising depositors high interest rates for their
investments.

But the company failed to repay the investors and a criminal case was
registered against the fund operators.

The company was reported to have collected nearly RM10 million from local
depositors.

-- BERNAMA



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