Coimbatore: A 55-year-old man and a 52-year-old woman have been arrested for producing forged documents before the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act court as surety to get bail for an accused in a cheating case.
Police identified the accused as A Palanisamy, of Pogalur near Annur in Coimbatore district, and K Devi, of Anupparpalayam in Tirupur district. One more person, identified as Meeranbhai, is involved in the case and police have launched a manhunt for him as he has gone into hiding.
A police source said the economic offences wing police had arrested K Senthilkumar, 32, of Periyaputhur near Annur, on October 3, 2020 for cheating 55 depositors of Rs2.10 crore by way of Ponzi schemes that were offered through his firm Daily Max Capital Pvt Ltd. He was remanded in judicial custody the same day and lodged in the Coimbatore Central Prison.
Senthilkumar, however, obtained conditional bail from the court, which directed him to produce two sureties to release him from the prison. On Monday, Palanisamy and Devi produced their documents as two sureties for him before the TNPID Act court. Judge Ravi verified the documents and realized they were forged by the duo. Immediately, he directed the court bench clerk Thangamani to lodge a complaint with the Race Course (crime) police.
Inspector Sujatha registered a case against the duo and Meeranbhai under sections 177, 182, 193, 196, 197, 198, 420, 468, 469, 471, 472, 473 and 474 of the Indian Penal Code. The arrested two have been remanded in judicial custody.