Three Arrested For Swindling Rs 30 Crore From Ex-Minister's Son In Chennai
The mastermind Ramesh was arrested two months back and the remaining two accused were nabbed on Wednesday.
Chennai: The Economic Offences Wing (EOW) police recently arrested two people including a Sri Lankan Tamil national and a woman for swindling Rs 30 crore from a private financing firm run by former AIADMK Minister Lawrence's son Anto Stalin. The arrest of the two persons comes after the arrest of the mastermind two months back.
According to a report on Times of India, the arrested were identified as Sudhakar, an SL national, Ramesh, a former senior executive of the firm and Prema Sudha. Ramesh and Prema Sudha were also in a relationship for a few years.
It all started in 2012, when Ramesh who was the mastermind of the plan joined the firm as an employee. Then he along with Sudhakar and Prema Sudha floated 116 fake companies and availed credit from Anto Stalin's firm.
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The firms were also paying interest until 2018.
However, the issue came to light only recently when Anto Stalin made a team of people to audit the accounts. In the audit, he found out that nearly Rs 30 crore was missing from the account.
Hence, he established a detailed internal inquiry and found out that the funds up to the tune of Rs 30 crore were diverted to 116 firms as loans.
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Following this, Anto gave a complaint to EOW who zeroed down on the accused.
The mastermind Ramesh was arrested two months back and the remaining two accused were nabbed on Wednesday.
The EOW is also attempting to recover the swindled amount.
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