Three of a family from Coimbatore arrested for cheating realtor of ₹2.5 crore

The District Crime Branch (DCB) in Coimbatore on Friday arrested three members of a family on the charge of cheating a real estate dealer hailing from Kancheepuram of ₹ 2.5 crore.

M. Deepak (27) of Pattanam near Sulur, his mother Baby Shalini (44) and sister Reshma (24) were arrested for offences, including criminal conspiracy, cheating and forgery, based on a complaint received from S. Ravi of Kancheepuram.

According to the First Information Report in the case, Deepak claimed that his father Muthu had received ₹300 crore via the Reserve Bank of India, which could be withdrawn after paying due taxes. The complainant alleged that Deepak sought financial assistance to withdraw the money, based on which he transferred ₹2.5 crore in multiple transactions to the trio and their relative Raja of Pattanam between January 1, 2019 and July 24, 2024. The complainant alleged that the accused had promised him of returning ₹60 crore for the financial assistance.

Mr. Ravi alleged in his complaint that Deepak claimed to have given huge sums to important personalities, including ₹67 lakh to a Union Minister, for the processing of the said ₹300 crore.

With the promised amount not received, Mr. Ravi petitioned the Coimbatore District Superintendent of Police on December 17 last year. The DCB registered a case based on the complaint on Thursday and arrested the three persons on Friday. DCB Inspector M. Selvam said the accused were remanded in judicial custody.