In Coimbatore Peelamedu, three family members were arrested for defrauding Rs 300 crore from a windmill plant business, impacting various property assets and cash holdings.
Coimbatore: In a significant development in Coimbatore's business sector, three family members from the same household were apprehended for their involvement in a massive Rs 300 crore fraud case linked to a windmill plant operation. The arrested include a woman named Sheela, her daughter Deeksha, and son-in-law Sakthi Sundar.
The fraud allegation originated from Sivaraj, who operates the windmill plant office in the Peelamedu area. It was reported that fake documents were created for his assets worth approximately Rs 200 crore and an additional sum of Rs 100 crore was swindled. Upon discovery, Sivaraj filed a complaint with the Coimbatore City Central Crime Branch, leading to the case registration.
Earlier, the police had detained two individuals, Vasantha and Sivakumar, as accomplices in the embezzlement. Meanwhile, the primary suspects, Ashwin Kumar along with one other, remain at large. Following the arrests today (April 17), the police have further detained and presented the suspects before a Coimbatore court, resulting in their remand to judicial custody.
The fraud allegation originated from Sivaraj, who operates the windmill plant office in the Peelamedu area. It was reported that fake documents were created for his assets worth approximately Rs 200 crore and an additional sum of Rs 100 crore was swindled. Upon discovery, Sivaraj filed a complaint with the Coimbatore City Central Crime Branch, leading to the case registration.
Earlier, the police had detained two individuals, Vasantha and Sivakumar, as accomplices in the embezzlement. Meanwhile, the primary suspects, Ashwin Kumar along with one other, remain at large. Following the arrests today (April 17), the police have further detained and presented the suspects before a Coimbatore court, resulting in their remand to judicial custody.