The investors' plight becomes known after The New Paper reported last October about Mr Haresh Govindaraju clinging onto the bonnet of a car driven by Mr Murali Krishnan Naidu, a manager of San Tee Credit.

Mr Haresh is one of 49 investors who claim to have invested $4 million, ranging from $5,000 to $350,000 each, in San Tee Credit.

They claim they have not received any returns on their investment since 2012 or got back their principal sums.

They have made two police reports, with one report representing 32 investors.

Litigation records show that three investors have sued the owner of San Tee Credit, Madam Santhi M.K, who is Mr Murali's wife.