Coimbatore: Senthil Kumar , a senior officer with the economic offences wing (EOW) police in Chennai, has launched an inquiry with the agents of Fine Future firm that allegedly cheated the public of Rs 818crore.The officer is trying to trace the properties the agents had bought in their names and in the names of their relatives between 2013 and 2015.Vijayakumar, who took charge as the EOW superintendent recently, had decided to attach the properties of the agents and had instructed inspector Senthil Kumar to conduct a thorough investigation with them.According to police sources, more than 40 agents and sub-agents of Fine Future had collected crores of rupees from gullible investors. They invested the money in properties.EOW police had arrested the managing directors of Fine Future A Senthil Kumar, Vivek and Vivek’s younger brother in 2013, but had not arrested even a single agent of the firm.Senthil Kumar interrogated 22 agents recently and instructed his counterparts in Coimbatore to arrest Palanisamy, Velusamy, Elango, Karuppasamy, all hailing from Puliyampatti in Erode district and Shanthamurthy from Coimbatore. They were remanded in judicial custody. “An agent had bought land at Puliyampatti in Erode district using money collected from depositors. It was transferred to another person a few years ago. 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. They owned several websites named Fine Futures India, Fine India Sales Private Limited, Best Way and Way2success, which promised investors a monthly payment of Rs 850 for 60 months for an investment of Rs 10,000, which would be returned at the end of the tenure. 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. 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. EOW Coimbatore unit arrested the duo from Chennai in March 2013. Later, Vivek’s younger brother M Nithyanandan was arrested in connection with the case. R Sathyalakshmi, an accountant with the firm, surrendered before the Tamil Nadu protection of interests of depositors (TNPID) court in July 2014.Now the case is pending before the TNPID court.

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