Chennai: Three persons, including a suspended woman police inspector, were arrested by the Economic Offences Wing in connection with a Rs 8.17 crore investment fraud by a city-based firm, police said on Wednesday.
The firm based at Kodungaiyur allegedly duped 56 depositors, including police personnel and the general public, by promising high returns and the purchase of gold coins and plots at low costs, according to police.
A case was registered on May 25 under the Bharatiya Nyaya Sanhita (BNS) and the TNPID Act. While the firm’s proprietor, Prabu alias Prabu Mani, was arrested on June 9 and remanded to judicial custody, the three other accused—suspended Inspector Sheela Mary, Senthilkumar alias Senthil, and Kalpana—had been absconding until their arrest on July 7.
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