Four persons, including a father and son, have been arrested by the Crime Branch for allegedly duping people to the tune of Rs 20 crore on the pretext of enrolling them as partners in a restaurant in Coimbatore. A car worth Rs 17 lakh was also seized from them.
Coimbatore: Four persons, including a father and son, have been arrested in Coimbatore for allegedly duping people of Rs 20 crore on the pretext of making them a partner in a restaurant.
There is a restaurant called TN 43 Homemade in Karamadai and other places in Coimbatore. Mujimodu, his son Sein, Manoj Moide and Aniyan Sebi from Kochi have collected money from a large number of people on the pretext of sharing the profits by joining the hotel as shareholders.
Relying on their words, Balakrishnan from Coimbatore has joined as a shareholder for Rs 13 crore.Gopikrishna from Erode, Payas of Palayamkottai in Tirunelveli and others have donated lakhs of rupees.Muji and three others had sent the money to different accounts and cheated them.
The victim, Balakrishnan and several others, lodged a complaint with the Coimbatore district crime branch police. Ig Western Zone Sudhakar, DIG On the orders of Vijayakumar and others, district crime branch police inspector Rajeshwari conducted an inquiry under the supervision of district superintendent of police Badrinarayanan.
It was then confirmed that he had duped several people of more than Rs 20 crore on the pretext of running a restaurant and offering them shares. Mujimod, Sain, Manoj Modu and Aniyan Sebi were arrested in this connection.
A car worth Rs 17 lakh used in the scam was also seized. Muji Modu already has cheating cases against him in various areas including Hosur.All the four arrested were produced in court and sent to jail.
According to police officials, the racket is still being investigated. Balakrishnan, Gopikrishnan and Bayas, who lost the money, have been allowed to act as current shareholders, he said.
There is a restaurant called TN 43 Homemade in Karamadai and other places in Coimbatore. Mujimodu, his son Sein, Manoj Moide and Aniyan Sebi from Kochi have collected money from a large number of people on the pretext of sharing the profits by joining the hotel as shareholders.
Relying on their words, Balakrishnan from Coimbatore has joined as a shareholder for Rs 13 crore.Gopikrishna from Erode, Payas of Palayamkottai in Tirunelveli and others have donated lakhs of rupees.Muji and three others had sent the money to different accounts and cheated them.
The victim, Balakrishnan and several others, lodged a complaint with the Coimbatore district crime branch police. Ig Western Zone Sudhakar, DIG On the orders of Vijayakumar and others, district crime branch police inspector Rajeshwari conducted an inquiry under the supervision of district superintendent of police Badrinarayanan.
It was then confirmed that he had duped several people of more than Rs 20 crore on the pretext of running a restaurant and offering them shares. Mujimod, Sain, Manoj Modu and Aniyan Sebi were arrested in this connection.
A car worth Rs 17 lakh used in the scam was also seized. Muji Modu already has cheating cases against him in various areas including Hosur.All the four arrested were produced in court and sent to jail.
According to police officials, the racket is still being investigated. Balakrishnan, Gopikrishnan and Bayas, who lost the money, have been allowed to act as current shareholders, he said.