The Supreme Court has asked the Governments of India and Tamil Nadu for a reply on a plea by about 73,000 depositors from Tamil Nadu. They want a CBI probe into an alleged Ponzi scheme by Universal Trading Solutions Private Limited, a company based in Coimbatore. The depositors said they lost ₹1,000 crore of their life savings. A Bench led by Chief Justice of India Surya Kant heard the plea. The depositors’ lawyers said three committees headed by retired High Court judges were created before. Two were dissolved by the Madras High Court. The third, led by Justice M. Govindaraj, has not sold any assets or returned money in nearly three years. The depositors explained the Kerala High Court moved cases there to the CBI, and Kerala agreed to a CBI probe. But Tamil Nadu only allowed its State Police to investigate. The company and its managing director G. Ramesh face probe under the Banning of Unregulated Deposit Schemes Act, 2019, and Tamil Nadu's Depositor Protection Act. Advocate Mukund P. Unny argued for a single, central investigation by the CBI, saying a State probe causes "fragmented, inconsistent and ineffective prosecution." They also claimed their right to a fair investigation under the Constitution has been denied. They asked the Court to order Justice Govindaraj’s Committee to quickly list depositors, assess total assets, and sell Universal Trading Solution’s properties to pay back depositors within six months. The depositors want the Court to appoint one petitioner as a representative to help communication with the Committee. The Court issued notices to the CBI, Centre, and Tamil Nadu on January 6 and will hear the case on March 16, 2026. The petition calls this a "large-scale financial fraud" across Tamil Nadu and Kerala. Depositors were promised 12% interest and 10% principal returns within a year. But by early 2019, repayments stopped, revealing the scheme's fraud. Funds were diverted to property bought in the names of Universal Trading Solution, G. Ramesh, and his family. Many depositors had invested their life savings, hoping for returns.