Staff Reporter

Investors allege that they had invested about

Rs. 50 lakh

Tirupur: A group of people from Kerala on Friday petitioned Tirupur Superintendent of Police that they were cheated by an online currency trading agent based at Avinashi.

According to the petitioners, they invested a total of about Rs. 50 lakh in an online trading company which promised them high returns on the investment.

Agent of the company

“One Avinashi-based person claimed himself to be an agent of the company, which is said to be headquartered in Sharjah in United Arab Emirates, took the investments from us and only to be realised later that we were cheated,” they explained.


The investors said their enquiry found that no such company existed in Sharjah.