The Economic Offences Wing (EOW) in Coimbatore on Saturday arrested a couple, who ran a ponzi scheme and duped several investors.
The police said that they suspect that the couple duped over 1,000 investors of around ₹ 100 crore by collecting money and not giving the promised returns.
Officials with EOW said that S. Sathishkumar (38) and his wife S. Gunavathi (36), residents of Ramalingam Nagar near Saibaba Colony, were arrested on Saturday.
According to officials, the couple ran an investment firm named Dream Makers Global Private Limited in Coimbatore and collected large sums as investments.
They said that the firm offered various investment schemes by offering returns. The firm was paying returns to investors which was stopped abruptly, the police said.
Manoj Kumar, a resident of Uppilipalayam, lodged a complaint against the firm alleging that he was not getting returns for his investment. The EOW registered a case against the couple and arrested them on Saturday.
The police also seized two cars belonging to the couple. They added that more investors were likely to lodge complaints against the couple following their arrest.
