The Central Crime Branch (CCB) Chennai has arrested Thangavel (56) in connection with a high-profile real estate and business fraud case involving approximately Rs8.20 crore. A car used by the accused was also seized.
How the Fraud Occurred
The victim, Venkatraman from Nesapakkam, Chennai, reported that Thangavel, a personal acquaintance, claimed to be a real estate businessman. He promised to:
Secure a plot in prime Chennai locations.
Make Venkatraman a partner in a new business venture.
To participate, Venkatraman reportedly paid:
Rs7.25 crore for land in Kelambakkam, Kotagiri, and The Nilgiris
Rs75 lakh as a loan
Rs20 lakh for the proposed business venture
Thangavel allegedly neither registered the land nor returned the money, committing a clear breach of trust.
Investigation and Arrest
The complaint was filed on November 22, 2025, and a case registered under the Cheating and Fraudulent Documents (EDF-II) section.
Following a special operation, Thangavel was arrested on December 10, 2025, from Madanagopalapuram, Cuddalore.
Authorities seized a car linked to the accused.
The investigation continues to identify potential accomplices.
Police Advisory
The Greater Chennai Police cautioned the public to:
Verify all land and business deals legally before investing.
Avoid relying on personal assurances or promises of high returns.
Ensure proper documentation and registration when purchasing property.
