COIMBATORE: The Central Crime Branch has arrested four persons, for allegedly running a fake consumer durables company and cheating wholesale dealers by placing orders for goods to the tune of Rs 14.75 lakh, in Chennai.
Police said they have recovered goods worth Rs 5 lakh which the accused had stored in godowns at Krishnagiri and Chennai.
The police are now trying to trace the prime accused Antony Jenith alias Thiyagarajan (29), a native of Kanyakumari district, who is still at large. The accused had opened a home appliances showroom named Hindustan & Co on Nanjundapuram Road a few months back and had placed orders with dealers of various companies.
Explaining the modus operandi of the four accused ACP R Mohan said, “The accused used to pay the cash for the first instalment of delivery of goods to win the confidence of dealers. Then they will place huge orders with the dealers. Upon receiving the goods, they will issue cheques. But there won’t be enough funds in their account and then will go into hiding.”
A special team of the CCB nabbed the four persons, Jayan Thangaraj (33), N Suresh (35), M Antony Paul (31) and A Jayakanthan alias Saravanan (45), when they were hiding in Chennai.
Police said Suresh is a son of a retired police officer in Chennai.