Coimbatore: Police of Economic Violations (EOW) registered a case against the company’s implementation director of funds and accompanied by Wednesday to deceive 50 Investors of Rs 50 Lakh.Police identified them as Majeesh Palakkad, who had launched ‘thothathil road 100 feet in Gandhipuram, and king’s feet Manikandan.j Navanethakrishnan from Krishnamoorthy Iyer Street in Coimbatore has filed a complaint against the duo.
He has invested Rs 1.41 lakh in Thotthathil.
Rajeesh and the king had promised to give him Rs 2 Lakh.
But they closed the business and escaped the ACT circulation scheme, 1978.
Police have formed a special team to capture the duo.
Chit Fund Operators are ordered for cheating
