A TVK district-level functionary was arrested in Pudukkottai after police received multiple complaints alleging a financial fraud exceeding ₹25 crore
May 12, 2026: Tamilaga Vettri Kazhagam functionary Saravanan was arrested in Pudukkottai in connection with an alleged financial fraud exceeding ₹25 crore, according to ANI. Police said the accused, a resident of Thiruvappur in Pudukkottai city, allegedly collected large sums of money from over 100 investors by promising unusually high returns before failing to repay them. The development comes shortly after Vijay took oath as Chief Minister.
Investigators said Saravanan allegedly borrowed amounts ranging from ₹30 lakh to ₹1.5 crore from individuals and private lenders across the district over several years. Police sources claimed he often cited personal emergencies, including his mother’s ill health, while seeking financial help. Investors later alleged that they were unable to contact him for nearly two weeks, prompting several complaints to the district police. Authorities also said some complainants feared the accused might attempt to misuse the ruling party’s name amid the current political situation in Tamil Nadu.
Following an investigation by the District Crime Branch, police traced Saravanan to another state and brought him back to Pudukkottai for questioning. News of the arrest led to tension outside the Superintendent of Police’s office, where more than 100 affected investors gathered demanding strict action. Police later calmed the crowd and assured victims that legal proceedings had begun and efforts would be made to recover the allegedly defrauded money. Authorities said further interrogation of the accused is underway as the investigation continues.