A private financial institution called Neomax was operating with its headquarters in Madurai. Believing in the attractive promises of this institution, people from various southern districts including Madurai, Theni, Dindigul, Virudhunagar, Ramanathapuram, Tirunelveli, and Kanyakumari invested several crores of money. A special committee has been formed to return the money to those who lost it.
