Coimbatore city crime police have arrested Sunil Das, a resident of Moolamattom, Kerala, for allegedly cheating a real estate businessman of Rs 3 crore by posing as the head of a charitable organization.
The victim, Ramanathan (name changed), a 55-year-old realtor from Peelamedu, was introduced to Sunil through business dealings. Sunil claimed he ran the ‘Snegam Foundation,’ which was supposedly sanctioned Rs 3,170 crore by the Reserve Bank of India (RBI). He alleged that a fee of Rs 3 crore was required to access this fund and supported his claim with a forged letter.
Trusting Sunil, Ramanathan transferred Rs 1.57 crore to his bank account and handed over Rs 1.43 crore in cash. Months later, realizing the fraud, Ramanathan filed a complaint when Sunil stopped answering his calls.
Following the complaint, Coimbatore police launched a manhunt and arrested Sunil at a hotel in Madurai. He was produced before the court and remanded to judicial custody. Investigations are ongoing.
