Two held for hurling petrol bomb in Ranipet

Two persons were arrested for hurling a petrol bomb at the house of an agent of Vellore-based LNS International Financial Services at Sayanapuram village near Nemili town in Ranipet on Thursday.

Police said the arrested persons were identified as H. Dinesh (34) and R. Mohan (20). They were relatives of the victim S. Arun (43), an agent of the financial firm. All of them are native to the village.

Initial inquiry revealed that the victim Arun allegedly convinced the duo to invest their money in the private financial firm to avail high interest on their deposits. Police said that, accordingly, the duo deposited around Rs 15 lakh in the firm. In February this year, the Economic Offences Wing (EOW) arrested 10 persons in connection with a scam involving LNS International Financial Services, where the company cheated over 5046 depositors and swindled ₹800 crore.

The EOW registered a case against the dysfunctional financial firm, its sister concerns, and the directors and administrators of the firms, based on the depositors’ complaints. Since then, the duo had regularly visited the victim’s house and demanded return of their deposit. When Arun gave excuses for the same, the duo hurled the petrol bomb. No damage was reported.   Police nabbed the suspects from their hideouts in Chennai. A case was registered by Nemili police and they were lodged in Central Prison in Vellore. A probe is underway.