Couple arrested for allegedly swindling ₹7.16 crore using forged documents
A couple has been arrested for allegedly swindling ₹7.16 crore from a relative by forging property documents and misappropriating investment funds. The Avadi Central Crime Branch conducted the investigation leading to the arrests.
Why it matters
Financial fraud involving family members and property documents underscores the importance of secure asset management and legal oversight.
A couple was arrested by the Avadi Central Crime Branch for allegedly misappropriating ₹7.16 crore belonging to a woman, by using forged documents, including a fake mortgage deed and a no-objection certificate (NOC).
According to the police, the complainant, Sumathi Shankar, owns two houses in Ayanambakkam and Korattur. She had kept the property documents at her parents’ house in Tondiarpet and went abroad.
The police said that her brother, Babuji, 48, and his wife Ramya, 42, allegedly took the documents and created a forged mortgage deed, using it to mortgage the properties to Sivasamy for ₹78 lakh.
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