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Win TV Chairman and MHPFNL CMD Devanathan, 2 others arrested for cheating depositors

Win TV Chairman and MHPFNL CMD Devanathan, 2 others arrested for cheating depositors

Chennai, Aug 15 (UNI) T. Devanathan Yadav, Chairman-cum-Managing Director (CMD) of the Mylapore Hindu Permanent Fund Nidhi Limited (MHPFNL) and private Tamil satellite channel
WIN TV Chairman and two of its Directors were arrested by the Economic Offences Wing (EOW) police and remanded in judicial custody for cheating depositors to the tune of Rs 24.5 crores.
A release from EOW said Devanathan Yadav (63), who is also the leader of the Indhiya Makkal Kalvi Munnetra Kazhagam and unsuccessfully contested the recent Lok Sabha polls, was arrested in Pudukottai.

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