Chennai: The crime branch police in Tiruvallur district have arrested two brothers for operating a finance company that collected nearly ₹30 crore from more than 200 individuals. The duo promised to double their investments but later failed to repay the deposits.
Details of the Arrest
Kannan, 52, and his brother Kamaladas, 49, residents of Villivakkam, ran the company in Tiruvallur for five years. To gain trust, they initially paid double the amount to early investors. Police revealed that a network of agents was later engaged to mobilize deposits. However, when the schemes matured, the company failed to repay the promised amounts, prompting investors to approach the district crime branch.
Investigation and Broader Operations
Inquiries uncovered that the duo operated similar finance establishments in Trichy, Madurai, Sivaganga, Karur, and Salem. The brothers were arrested and lodged in Puzhal prison.
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About the Author
A Selvaraj, widely known as Crime Selvaraj, is a veteran journalist with over 31 years of experience in crime reporting across leading Tamil and English newspapers. He has covered historic events, including the deaths of former Tamil Nadu Chief Ministers Jayalalithaa and M. Karunanidhi, the IPL betting scam, and the Kanchi Seer Sankararaman murder case. A familiar face in the digital space, he has given more than 500 interviews across 30 YouTube channels, with millions of views on social media. He has also featured in international documentaries on Netflix and Bloomberg, speaking on high-profile cases such as idol smuggler Subhash Kapoor and conman Sukesh Chandrasekar. Beyond journalism, he has acted in three films including the Tamil movie DNA, trained over 200 budding journalists, directed short films, and authored the English crime-poetry collection Chilled Love. His contributions have earned him the TOI Scribe Award and the Humanitarian Award from former Governor Dr. Tamilisai Soundararajan.
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