The Central Crime Branch (CCB) of Chennai city police has arrested a man for cheating 30 people of Rs 4 crore by promising to give them e-bikes dealerships.
The scam came to light after a complainant, Murugan of Chennai, and other victims responded to a newspaper advertisement and were enticed to put down a deposit by Rajendran, the owner of the OITA e-bike showroom in Saidapet.
Rajendran neither supplied the e-bikes nor refunded the deposit amount to them. In 2021, Rajendran closed his office in Saidapet and disappeared, following which Murugan lodged a complaint against him.
Murugan’s complaint was forwarded to the entrustment document fraud wing of the CCB. Inquiries revealed that many others had lost their money like Murugan.
Rajendran was arrested from his hideout in Mamallapuram on Tuesday. He was remanded in judicial custody.
