The Economic Offences Wing of the police arrested a family of three for cheating nearly 1,500 investors of a whopping Rs 3 crore in the frame of a deposit scheme, on Tuesday.
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Vellore:
The family some years back had shifted to Tiruvannamalai for a while and started a firm in the district. According to sources, the firm has offered time bound deposit schemes for 42, 63, 72 and 75 months.
The schemes have received attention from 1,500 investors in both Vellore and Tiruvannamalai districts. with an investment of of Rs 3 crore in various schemes.
However, the family absconded in April 2018 after closing the firm without paying the cash for the completed schemes.
Following a complaint by Anbu of Jolarpet, the Economic Offences Wing (EOW) of the police registered a case and arrested the trio from Perumbakkam on Tuesday.
After a remand issued by the court, the family has been jailed in the Chennai Puzhal Prison.
Police said that the arrested were identified as Ravindran (55), his wife Indumathi (47) and son Vignesh (27), all residents of Perumbakkam in Chennai.
The family some years back had shifted to Tiruvannamalai for a while and started a firm in the district. According to sources, the firm has offered time bound deposit schemes for 42, 63, 72 and 75 months.
The schemes have received attention from 1,500 investors in both Vellore and Tiruvannamalai districts. with an investment of of Rs 3 crore in various schemes.
However, the family absconded in April 2018 after closing the firm without paying the cash for the completed schemes.
Following a complaint by Anbu of Jolarpet, the Economic Offences Wing (EOW) of the police registered a case and arrested the trio from Perumbakkam on Tuesday.
After a remand issued by the court, the family has been jailed in the Chennai Puzhal Prison.