Coimbatore: Five agents in connection with Fine Future Firm scam have been arrested and lodged at the Coimbatore Central Prison, yesterday.
Coimbatore: Five finance agents and executive directors of a city-based firm were arrested for allegedly swindling `800 crore investors’ money.
According to sources, the Fine Future Firm, which was functioning at Peelamedu, reportedly lured investments from Coimbatore, Tirupur and Erode districts by promising high interest, and swindled nearly `800 crore. Based on the complaint filed by investors, the Economic Offenses Wing (EOW) registered a case against the executive directors of the firm - Senthil Kumar, Vivek and his brother Nithyanandhan and firm staff Sasha Lakshmi – before arresting them.
Meanwhile, the EOW have also arrested the finance agents of the firm - Palanisamy (34), Velusamy (32), Ilango (35), Karuppasami (38) and Sandhamoorthy (40) from Punjai Puliyampatti, and lodged them in Coimbatore Central Prison.