Coimbatore: Economic Offences Division police arrests person in Coimbatore who embezzled up to Rs 20 crore through online trading
Coimbatore: Economic Offences Division police arrested a person who embezzled up to Rs 20 crore through online trading.
Senthilkumar, who hails from Karamadai in the Athipalayam area of Coimbatore, used to run an online trading finance company called Daily Max. He had advertised that by investing Rs 1 lakh in their company, investors would get Rs 2 lakh after 100 days and Rs 2.40 lakh after certain months. Trusting this, more than 1500 people from various places including Coimbatore, Tirupur, Erode, and Pondicherry had invested in it.
Saravanan, a resident of Kangayampalayam, had lodged a complaint with the Coimbatore City Economic Offences Division police a few days ago.In the complaint, he had mentioned that Daily Max Solutions company operating in the Athipalayam area had defrauded him of 7.40 lakh rupee. The police who registered a case in this regard were looking for Senthikumar from Karamadai, the owner of a finance company.
Police arrested Senthilkumar who was hiding in Mettur. Investigations revealed that more than 1,500 people had been defrauded of up to Rs 20 crore. Following this, the police have registered a forgery case against Senthilkumar and are conducting an investigation. Police are also in the process of arresting others who have been involved in the scam.
Senthilkumar, who hails from Karamadai in the Athipalayam area of Coimbatore, used to run an online trading finance company called Daily Max. He had advertised that by investing Rs 1 lakh in their company, investors would get Rs 2 lakh after 100 days and Rs 2.40 lakh after certain months. Trusting this, more than 1500 people from various places including Coimbatore, Tirupur, Erode, and Pondicherry had invested in it.
Saravanan, a resident of Kangayampalayam, had lodged a complaint with the Coimbatore City Economic Offences Division police a few days ago.In the complaint, he had mentioned that Daily Max Solutions company operating in the Athipalayam area had defrauded him of 7.40 lakh rupee. The police who registered a case in this regard were looking for Senthikumar from Karamadai, the owner of a finance company.
Police arrested Senthilkumar who was hiding in Mettur. Investigations revealed that more than 1,500 people had been defrauded of up to Rs 20 crore. Following this, the police have registered a forgery case against Senthilkumar and are conducting an investigation. Police are also in the process of arresting others who have been involved in the scam.