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S. Sivaraja, the manager of a private gold finance company in Aruppukottai, has been arrested for allegedly siphoning off Rs3.82 lakh from the accounts of seven customers. The arrest followed a complaint filed by A. Antony Stephen, the regional manager of Muthoot Microfin. Sivaraja, who managed the Soolakkkarai branch, is now facing charges of cheating, forgery, and criminal breach of trust after misappropriating funds entrusted to him by customers.
