The Singanallur police have arrested S. Krishnakumar (36), and his sister Geetha on charges of duping people by promising loans. They also arrested Kamaludeen (23), their driver.
Assistant Commissioner of Police, East, K. Ramachandran told journalists on Friday that the brother-sister duo that ran two companies, one in Kothari Nagar and the other in Rajan Nagar, promised loans.
The two companies offered personal loan, housing loan and automobile loan for a commission. They charged Rs. 7,885 as processing charges and another Rs. 800 in tax for arranging the loans and furnished bill for the same.
They offered the loans to people, their telemarketing executives identified.
Mr. Ramachandran said that after the customers paid the money, the companies adopted delaying tactics by asking for more documents or offering one excuse or the other for the delay in arranging the loan. If the customers insisted for loan, they were threatened that they would be done away with.
In the instant case, the police said that Arun Bharat (26), of Erode had lodged a complaint saying that the brother-sister duo had cheated him by promising a loan of Rs. 1.50 lakh.
The police inquiries revealed that they could have cheated close to 4,000 people from Tirupur, Erode, Namakkal, Salem and other parts of Tamil Nadu as well.
The Assistant Commissioner said that their inquiries also revealed that the two had indulged in similar malpractices and that the Ramanathapuram police had registered a case in this connection.
But they managed to avoid arrest by obtaining anticipatory bail. Thereafter they shifted the companies to the Singanallur police station limits. He said that the police had seized 11 computers, a laptop, five mobile phones, Rs. 1.18 lakh in cash a multi-utility vehicle. He added that the police had also arrested the driver and were trying to ascertain the exact number of cheated people.