Fri Nov 14 07:02:26 UTC 2025: Okay, here’s a summary and a news article based on the provided text:

Summary:

T. Devanathan Yadav, the director of Mylapore Hindu Permanent Fund, surrendered to a special court in Chennai on November 14, 2025, after failing to meet a bail condition to deposit ₹100 crore in a case where he is accused of defrauding investors of over ₹600 crore. He had been granted interim bail by the Madras High Court, but was unable to mobilize the funds and was ordered to surrender. The Economic Offences Wing (EOW) had booked him under the TNPID Act following complaints from numerous depositors.
News Article:

Mylapore Hindu Fund Director Yadav Surrenders in ₹600 Crore Fraud Case

Chennai, November 14, 2025 – T. Devanathan Yadav, director of Mylapore Hindu Permanent Fund, surrendered to a special court in Chennai today, November 14, 2025, in connection with a massive fraud case involving over ₹600 crore. Yadav faces charges under the Tamil Nadu Protection of Interests of Depositors (TNPID) Act, filed by the Economic Offences Wing (EOW) following complaints from hundreds of investors who allege they were defrauded by the finance firm.

Yadav had been granted interim bail by the Madras High Court on September 15, 2025, with the condition that he deposit ₹100 crore by October 30, 2025. However, he failed to meet this condition, citing that his property documents were in police custody. The court extended his bail until November 7th and subsequently ordered him to surrender. A non-bailable warrant had also been issued for his arrest.

“Taking into account the sensitive nature of the case, we had formed a special team… and launched a search to nab him,” a senior police officer stated.

Yadav, accompanied by his lawyers, surrendered at the High Court campus. The special court judge ordered him to be remanded in custody. The EOW continues its investigation into the alleged multi-crore fraud.

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