Investment scams in Tamil Nadu

CBI court in Coimbatore dismisses discharge petition of Pramod Kumar IPS, directs him to appear for framing of charges

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CBI court in Coimbatore dismisses discharge petition of Pramod Kumar IPS, directs him to appear for framing of charges

The special court for the trial of cases, investigated by the Central Bureau of Investigation (CBI), in Coimbatore on Thursday dismissed a discharge petition filed by IPS officer Pramod Kumar in an extortion case pending against him since 2012, which is linked to the multi-crore Paazee forex scam. Dismissing the petition, S. Govindharajan directed all … Read more

EOW receives 1,554 more complaints against Universal Trading Solutions in multi-crore Ponzi scam

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EOW receives 1,554 more complaints against Universal Trading Solutions in multi-crore Ponzi scam

The Economic Offences Wing (EOW) of the police has received complaints from 1,554 more investors against Coimbatore-based Universal Trading Solutions Pvt Ltd (UTS), which duped investors of hundreds of crore through Ponzi schemes. The complaints against UTS were received in a petition camp organised by the EOW on Tuesday, as part of its ongoing investigation … Read more