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Chennai

CCB arrests jeweller for cheating depositors

The Entrustment Document Fraud (EDF) wing of Central Crime Branch of city police arrested a jewellery shop owner, who cheated over 60 persons by accepting deposits in gold schemes at his two jewellery shops and siphoning off Rs 3 crore. CCB arrested N M Christudas (57), a resident of Nesapakkam and remanded him in judicial custody.

migrator

Chennai

Police started an investigation in to the fraud following a complaint from Bhanumathi of Maduravoyal, who alleged that Christudas approached her with an offer to win 5 sovereigns of gold jewellery if she joined a gold scheme by paying Rs 50,000 and asked her to bring more depositors.

Bhanumathi brought many of her relatives as depositors but none of them got the 5 sovereigns of gold or commission or their deposit money. During investigation, the EDF officials found he that he has initiated several such gold schemes to cheat people.

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