Man duped of ₹19 lakh with a promise of iridium; Dindigul district police arrest suspect in Dharapuram
Police in Dindigul district arrested a man named Saktivel for defrauding a victim of ₹19 lakh by falsely promising to sell him iridium. Authorities recovered a portion of the stolen funds and jewelry while warning the public against such fraudulent schemes.
Why it matters
It serves as a public warning regarding common financial scams involving fake precious materials and highlights local law enforcement efforts.
A 51-year-old man identified as Saktivel was arrested in Dharapuram in Tirupur district on Friday and ₹10 lakh and some gold jewellery were recovered.
Following a complaint from R. Parameswaran of Old Ayakudi near Palani in Dindigul district, the Palani Town police registered a case.
It is said that the complainant had paid a sum of ₹19 lakh to Saktivel in May after he was promised of getting iridium. Believing it, when Parameswaran went home and opened the packet, he found he was cheated as the packet contained nothing as told by the accused.
Attempts to contact him did not fetch any response. After visiting the address given by the accused, the complainant realised it was fake. Hence, he preferred a complaint with the police.
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