Two lawyers in Coimbatore allegedly cheated a businessman of Rs 9.14 crore through false promises of property deals and cryptocurrency investments. Police investigation is underway.
Coimbatore: A businessman in Coimbatore has filed a complaint against two lawyers for allegedly defrauding him of Rs 9.14 crore through a series of false promises and investment schemes.
James, a businessman residing in Kalidasa Street, Ram Nagar, Coimbatore, approached lawyers Rajesh and Ananthi from Peelamedu for a legal matter. As they became acquainted, the lawyers reportedly enticed James with promises of high profits from purchasing and reselling properties auctioned in court.
Believing their claims, James began giving them large sums of money in installments to invest in these alleged property deals. During this period, Ananthi also reportedly received Rs 25 lakhs from James, claiming she needed it for her judicial service exam preparation and job placement.
The lawyers continued to make enticing promises to James, encouraging him to invest more. They then suggested investing in Bitcoin through online trading, assuring him of substantial profits. James invested Rs 8.64 crore in this scheme.
After a considerable time passed without any returns, James grew suspicious. When he confronted the lawyers about the investments, they allegedly engaged in an argument and verbally abused him.
Realizing he had lost a total of Rs 9.14 crore, James filed a complaint at the Peelamedu Police Station on July 17. The police have registered a case and are currently investigating the matter.
James, a businessman residing in Kalidasa Street, Ram Nagar, Coimbatore, approached lawyers Rajesh and Ananthi from Peelamedu for a legal matter. As they became acquainted, the lawyers reportedly enticed James with promises of high profits from purchasing and reselling properties auctioned in court.
Believing their claims, James began giving them large sums of money in installments to invest in these alleged property deals. During this period, Ananthi also reportedly received Rs 25 lakhs from James, claiming she needed it for her judicial service exam preparation and job placement.
The lawyers continued to make enticing promises to James, encouraging him to invest more. They then suggested investing in Bitcoin through online trading, assuring him of substantial profits. James invested Rs 8.64 crore in this scheme.
After a considerable time passed without any returns, James grew suspicious. When he confronted the lawyers about the investments, they allegedly engaged in an argument and verbally abused him.
Realizing he had lost a total of Rs 9.14 crore, James filed a complaint at the Peelamedu Police Station on July 17. The police have registered a case and are currently investigating the matter.