Chennai: Four persons, who cheated 300 people of 15 crore by promising them big returns on their investments in online share trading, were arrested on Saturday.
The arrested were identified as S Dineshkumar, 37, a resident of Pallikaranai, V Prem Kirubal, 38, a resident of Madipakkam, S Dilip Kumar, 41, from Kelambakkam and P Arun Kumar, 40, a resident of Selaiyur.
D Balaji, a resident of Manali filed a complaint saying he had invested 88 lakh in the companies run by the accused — Annai Capital Solutions, Annai Info-soft Solutions, Annai Academy Pvt Ltd and Tamil Annai Holidays Ltd — at Ekkattuthangal. They neither paid the profit nor returned the principal amount.
“The accused had collected money by claiming that investors would be paid 17,100 every month for a year if they invest 1 lakh and defaulted on the promise,” an investigating officer said.
Using this modus operandi, the accused had collected over 15 crore from 300 persons, said police. All the accused were produced before a magistrate and remanded in judicial custody. tnn
The arrested were identified as S Dineshkumar, 37, a resident of Pallikaranai, V Prem Kirubal, 38, a resident of Madipakkam, S Dilip Kumar, 41, from Kelambakkam and P Arun Kumar, 40, a resident of Selaiyur.
D Balaji, a resident of Manali filed a complaint saying he had invested 88 lakh in the companies run by the accused — Annai Capital Solutions, Annai Info-soft Solutions, Annai Academy Pvt Ltd and Tamil Annai Holidays Ltd — at Ekkattuthangal. They neither paid the profit nor returned the principal amount.
“The accused had collected money by claiming that investors would be paid 17,100 every month for a year if they invest 1 lakh and defaulted on the promise,” an investigating officer said.
Using this modus operandi, the accused had collected over 15 crore from 300 persons, said police. All the accused were produced before a magistrate and remanded in judicial custody. tnn