Couple cheats bizman of Rs 12.50 cr, woman held
The Central Crime Branch sleuths have arrested Sunitha (34) on the charges of cheating Srinivasan of Medavakkam, a businessman, of Rs 12.50 crore on the promise of doubling his investment in a fake trading company run by her husband.
CHENNAI: Srinivasan was into trading in Saudia Arabia. He had returned to India in 2020 due to the pandemic. Sunitha convinced him to invest in her husband Ranjith’s trading companies – Sun Boutique and Koyambedu Finance Association – and promised to double his income in two years.
Over a period of time, Srinivasan allegedly paid Rs 12.50 crore and gave 36 sovereigns to the couple. While the couple did not fulfil their promise, Srinivasan did a background check and found out that the couple do not run any companies and the documents they showed to him were fake.
Based on his complaint, the entrustment document fraud prevention wing of the CCB registered a case and arrested Sunitha of Porur. Ranjith, who had been absconding in connection with an attempted murder case in Guindy was recently traced to Andaman and arrested.