The accused, including Nachiyappan, J. Beenu, and G. Subash Kumar of Kerala, were taken into custody by the authorities. The investigation revealed that the group had previously engaged in similar fraudulent activities, defrauding private finance companies in Valasavakkam, Vadapalani, Ramapuram, Guindy, K.K. Nagar, Ekkatuthangal, and Tamil Nadu Merchandile Bank in Guduvanchery. As part of their operation, the group would utilize fake hallmark seals on the gold jewelry to deceive the finance companies. The Karaikudi Crime Branch confiscated two cars and 147 grams of fake gold jewelry from the suspects, who have been charged with fraud. A case against Nachiyappan had also been registered at the Valasaravakkam police station earlier this year in connection with the group’s illegal activities.
Karaikudi Crime Branch Nabs Seven for Gold Jewelry Fraud
