Chennai, Dec 25 (BPNS)
The Tamil Nadu economic offense wing police have intensified the probe into the Aarudhra gold finance scheme fraud in which a whopping Rs 2438 crore rupees was embezzled from people across the state.
The police have so far arrested 7 people in the state in the scam in which money was swindled from many people across the state promising huge interest rates.
Sources in the Economic offenses wing police told BPNS that the department is probing the investment in the scheme in which a large number of people have invested money in the project.
Police officers told BPNS that Aarudhra Gold Trading Private Limited, LNS International Financial Services, and Hijau Associate Private Limited have collected money from people promising interest rates ranging from 10% to 25 % per month.
The inquiries have commenced on the money trail and where the company has invested the money. In a recent arrest held on Friday, the police arrested a person, Rooso, who had 2 crores in his bank account. The Economic Offense Wing had frozen his account.
The police is mainly probing as to how this much money was amassed and whether any groups had tried to invest the money collected through nefarious deals. The police are also conducting a detailed search into the antecedents of those who have floated the company and collected money.
Sources in the Tamil Nadu police told BPNS that many people are yet to file the complaint as some of those who invested money does not have any sources to reveal the money deposited in the scheme announced.