Mylapore Hindu Permanent Fund: Congress party asks police chief to file case against Fund MD, investigate ‘misappropriation’

Tamil Nadu Congress Committee has lodged a complaint with the city police commissioner charging that there has been misappropriation of over Rs.525 crores in the management of the Mylapore Hindu Permanent Fund.

It has pointed fingers at the Fund’s MD, Devanathan Yadav who is a BJP candidate in the Lok Sabha poll in Sivaganga constituency.

The plaint said that the Fund staff have intimidated depositors who sought their returns rightfully and asked the police chief to direct the Economic Offences Wing to investigate this issue, file cases and freeze the assets of Devanathan.

Devanathan is listed as the second richest candidate in TN in the elections. He also has a few criminal cases against him.

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