COIMBATORE: Coimbatore district crime branch (DCB) police booked a couple for cheating a businessman of Rs 2.20 crore.
The couple have been identified as A Devaseelan of Jothi Nagar in Pollachi and his wife Raji.
D Jebaraj, 58, of Anna Nagar at Pilchinnampalayam near Samathur, who was engaged in a peanut candy business, befriended Devaseelan who was the treasurer of SFORN Trust at Rangasamuthiram.
Preliminary inquiries revealed that Devaseelan told Jebaraj in 2018 that the trust would receive Rs 13.98 crore from abroad and he was planning to buy five acres of coconut grove at Nattukalpalayam near Pollachi. Devaseelan added that he would hand over the coconut grove to him for maintenance and give a hefty amount to him for maintaining the coconut grove.
Devaseelan and his wife Raji told Jebaraj that they would give Rs 4 crore to him and he could spend the amount to expand his business.
However, the couple demanded Rs 2.20 crore as an interest-free loan from Jebaraj. Believing the couple’s words, he transferred the amount in multiple transactions from 2018 to 2021. He also pledged his house, jewels of his wife and daughters and obtained a loan in his daughter’s name.
In 2021, he came to know that he was cheated by the couple. When he demanded his money back, they did not give proper reply to him.
Police conducted an inquiry. The couple agreed to return the amount of Rs 2.20 crore and gave a cheque for Rs 70 lakh to Jebaraj. But the cheque bounced due to insufficient funds in the bank account. Police approached the couple to appear before them. But they failed to do so.
Police registered a case against the couple under sections 120 (B), 420, 468 and 471 of the Indian Penal Code on Thursday. Further investigations were on.
The couple have been identified as A Devaseelan of Jothi Nagar in Pollachi and his wife Raji.
D Jebaraj, 58, of Anna Nagar at Pilchinnampalayam near Samathur, who was engaged in a peanut candy business, befriended Devaseelan who was the treasurer of SFORN Trust at Rangasamuthiram.
Preliminary inquiries revealed that Devaseelan told Jebaraj in 2018 that the trust would receive Rs 13.98 crore from abroad and he was planning to buy five acres of coconut grove at Nattukalpalayam near Pollachi. Devaseelan added that he would hand over the coconut grove to him for maintenance and give a hefty amount to him for maintaining the coconut grove.
Devaseelan and his wife Raji told Jebaraj that they would give Rs 4 crore to him and he could spend the amount to expand his business.
However, the couple demanded Rs 2.20 crore as an interest-free loan from Jebaraj. Believing the couple’s words, he transferred the amount in multiple transactions from 2018 to 2021. He also pledged his house, jewels of his wife and daughters and obtained a loan in his daughter’s name.
In 2021, he came to know that he was cheated by the couple. When he demanded his money back, they did not give proper reply to him.
Police conducted an inquiry. The couple agreed to return the amount of Rs 2.20 crore and gave a cheque for Rs 70 lakh to Jebaraj. But the cheque bounced due to insufficient funds in the bank account. Police approached the couple to appear before them. But they failed to do so.
Police registered a case against the couple under sections 120 (B), 420, 468 and 471 of the Indian Penal Code on Thursday. Further investigations were on.
