The Tondiarpet police have arrested three persons who allegedly defrauded a businessman to the tune of ₹29 lakh after promising to arrange a bank loan of ₹5 crore.
The police said the victim, D. Easwar, 48, was approached by his acquaintance, F. Arokya Aloysius, 38, to invest in a real estate business. Initially, Easwar gave Aloysius ₹8.5 lakh. Later, Aloysius introduced him to his associates, T. Kalpana alias Malathy, 38, J. Kanagaraj, 39, and another man, Yogi. They claimed Kalpana could arrange a ₹5-crore loan from a private bank with her influence.
Easwar was asked to pay an advance of ₹21 lakh, which he transferred over multiple transactions between 2022 and 2023. When he neither received the loan nor got his money back, he filed a police complaint. The police arrested Aloysius, Kalpana, and Kanagaraj and remanded them in judicial custody.
Published - March 06, 2025 10:06 pm IST
