Madurai: The Madras high court has granted bail to a woman who was running a finance company named Chendur Fincorp in Trichy district, and cheated crores of rupees from the investors.

The City Crime Branch (CCB) of Tiruchi City Police have arrested P. Muthuramalingam, 46, proprietor of Chendur Fincorp, for cheating depositors by promising them high returns.