The Hindu·3 min read·medium
Iridium scam: CB-CID arrests key accused returning from Bahrain
R
R. Sivaraman
✦AI Summary
The CB-CID has arrested a key suspect in a large-scale investment scam involving fraudulent claims about 'iridium' copper sales. The gang allegedly used forged documents from government institutions to deceive at least 50 victims.
The Crime Branch-Criminal Investigation Department (CB-CID) has arrested a Chennai-based key accused who allegedly prepared forged documents to facilitate a large-scale “iridium” investment scam, in which fraudsters cheated victims by promising to release a huge sum purportedly received from the Centre through the Reserve Bank of India (RBI).
businesspolitics
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in