Two agents arrested in Sivaganga for multi-crore online investment app scam
Sivaganga police have arrested two agents involved in a multi-crore online investment scam that promised to double money in 45 days. Over 550 victims have filed complaints after the apps failed to return their investments.
Why it matters
The incident highlights the growing risks of fraudulent online financial schemes targeting rural and semi-urban populations.
Sivaganga District Crime Branch police have arrested two agents who acted as intermediaries in the multi-crore online application scam.
Certain individuals advertised that investments in online apps such as FQL and VJ would double within 45 days. Believing this, thousands of people from areas near Sivaganga such as Paiyur, Aiyampatti, Allur, Udayanathapuram, Karampatti, and Purasadaiudaippu invested amounts ranging from ₹50,000 to ₹1 lakh.
However, the perpetrators committed fraud by failing to return the money as promised. Following the multi-crore scam, the Sivaganga district police have been continuously receiving complaints from the affected individuals.
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