Victims of Rs 700-Crore Mylapore Fund Scam Demand Fast-Track Court Proceedings

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A major financial fraud case has emerged around the Mylapore Hindu Permanent Fund Nidhi, a fund-based financial institution based in Chennai's Mylapore area. The scheme, allegedly worth Rs 700 crore, has left numerous depositors without access to their money. The fund was headed by entrepreneur and politician Devanathan Yadav, who has since been arrested in connection with the alleged scam. Victims are urgently calling for fast-track judicial proceedings, citing immediate financial hardship caused by their inability to recover deposited funds.

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Muhurat Trading Ends Cautiously as Nifty Holds Above 25,000

Indian stock markets closed the special Muhurat trading session on a cautious note. The Nifty index managed to stay above the 25,000 level. This stability gave some reassurance to investors as they entered the new market year. The source article provides limited further detail on the session's movements or causes. No additional figures or market drivers are reported in the available text.

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IndiaTimes of India ·

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IndiaNDTV ·

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IndiaTimes of India ·

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