Man arrested for Rs 62.70 lakh fraud
Crime branch arrested a man on the charge of being involved in a Rs 62.70 lakh fraud
By : DC Correspondent
Update: 2014-08-15 06:07 GMT
Coimbatore:The district crime branch police arrested a man on Thursday on the charge of being involved in a Rs 62.70 lakh fraud. According to the district crime branch police, Thirunavukkarasu from Jolarpet in Vellore district, was engaged in the solar energy business.
After browsing a website of manufacturers of solar products with units in Coimbatore and Hyderabad, Thirunavukkarasu had come and met the owner R. Lakshmanan of Idayarpalayam, in Coimbatore. Following this, Thirunavukkarasu met Lakshmanan in Coimbatore on December 11, 2012 and struck a business deal after which he paid Rs4.5 lakh. However, the products did not arrive even after several months of his having paid up. Worse, Lakshmanan refused to re-pay the amount.
However, Lakshmanan promised to make Thirunavukkarasu a partner in another business. But he reneged on his promise again. Following this, Thirunavukkarasu came to meet him on March 28, 2014, when he learnt that Lakshmanan had cheated several others. Thirunavukkarasu filed a complaint with the police. The district crime branch registered a case and invoked sections 420 (cheating) and 506(i) (criminal intimidation) of the IPC against Lakshmanan and arrested him.