Four arrested for multi-lakh online investment scams
Chennai: Four men involved in large-scale investment frauds were arrested by the cyber crime police across various zones in Chennai.
The north zone police arrested two men based on a complaint from Nandagopal, 38, of Korukkupet.
He said that after responding to an Instagram ad, he was contacted via Telegram by a user who promised high returns on dollar investments through an e-venture.
He transferred Rs 12 lakh to different accounts. When asked to pay an additional Rs 7 lakh to retrieve his investment, he realised it was a scam. Two suspects—Sitharaman, 37, and Senthilnathan, 28, from Cuddalore—were arrested. Meanwhile, west zone police arrested a man based on a complaint from Saravanan, 43, of Arumbakkam. A Facebook contact convinced him to invest in stock trading, promising high returns. He invested Rs 10 lakh in 14 transactions but was defrauded after the suspect took the money. The accused Renganathan, 26, from Srivaikundam, Thoothukudi district, was arrested.
Also, the east zone police arrested one person based on a complaint from Rabbani Khan, 26, who said he was cheated of Rs 9.40 lakh in a crypto ad scam.
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