Summary:
The frustrated people put pressure on him to give them back the maturity amount.Unable to withstand the pressure, Thangam absconded without returning the money to anyone. P Sahayaraj from Keezhakalnaicken street, one of the affected persons lodged a complaint with the commissioner of police, Trichy.According to his complaint, Thangam cheated Rs 2.5 crore from 200 people. Inquiry revealed that he took the people for a ride.So, police registered a case against him and arrested him on Wednesday. Several hundred people in the area joined the scheme and paid their instalments.The issue cropped up after Diwali in 2017 when Thangam delayed the payments to the subscribers. CCB took up the investigation and caught Thangam..