Coimbatore: The Crime Branch Police arrested two more persons in the city who were running a private agency and defrauded a customer to the tune of Rs. 42.45 lakhs.
Coimbatore: The Crime Branch Police arrested two more persons in the city who were running a private agency and defrauded a customer to the tune of Rs. 42.45 lakhs.
Abdul Rahim, a resident of Cheran Nagar, Kannampalayam and Sulur who had already availed a home loan approached N Selvakumar through his acquaintance Krishnan for an additional loan of Rs. 30 lakhs.
The duo Krishnan and Selvakumar who run a private agency called SS Associates promised Abdul Rahim that they would get him a loan in SBI Bank and collected his documents and a blank cheque with Abdul's signature.
Meanwhile, Krishnan and Selvakumar used the blank cheque issued by Abdul Rahim and swindled him to the tune of Rs. 42.45 lakhs using NEFT transactions. Krishnan was arrested a few days ago.
It is reported that the duo who are said to be habitual offenders have already cheated eight individuals and embezzled funds to the tune of Rs. 2 crores from their accounts.
Following a formal complaint from Abdul Rahim, the police arrested V Shanthi (48), the wife of Selvakumar, Alvin Nagar, Sungam Bypass, Ramanathapuram and S Gowthaman (25), the son of Selvakumar who was also embroiled in the case and remanded them in custody.