Summary:
Lured by the hefty commission, many investors became agents and spread the word among their relatives and neighbours.However, Senthil Kumar and Vivek closed the firm and absconded. Collection agents were promised of Rs 2,000 as commission for every Rs 1lakh investment.Initially, the firm paid the investors the promised returns and even encouraged many of them to become agents, promising commission. EOW Coimbatore unit arrested the duo from Chennai in March 2013. We are planning to attach the property,” an officer said.A Senthil Kumar and M Vivek had allegedly collected money from 1.72lakh investors in the western Tamil Nadu by starting an online marketing firm in 2012. Later, Vivek’s younger brother M Nithyanandan was arrested in connection with the case..