Financier arrested in property fraud
The Hindu
Second arrest made in the case
The Central Crime Branch (CCB) of the city police on Wednesday arrested financier C. Angappan of Valasaravakkam.
The 45-year-old, who was reported to be absconding, is an accused in a cheating case, in which another accused, H. Ramakrishnan, had already been arrested.
A senior official of the Entrustment Document Fraud (EDF) of the CCB said in a complaint lodged by Sucharitha, it was alleged that Ramakrishnan, who had obtained general power of attorney from her, sold four plots of land owned by her near Velachery for ₹2.5 crore, without informing her and by forging documents.
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