Hosur man gets 10 years jail in investment fraud case
The Hindu
The Special court for the trial of cases registered under the Tamil Nadu Protection of Interests of Depositors (TNPID) Act in Coimbatore on Tuesday sentenced the proprietor of an investment firm to un
The Special court for the trial of cases registered under the Tamil Nadu Protection of Interests of Depositors (TNPID) Act in Coimbatore on Tuesday sentenced the proprietor of an investment firm to undergo 10 years of imprisonment for duping customers to the tune of ₹ 4.96 crore. A.S. Ravi, Special Judge, Special Court for TNPID Act cases, awarded the punishment to Pugazhendhi of Hosur in Krishnagiri district. Pugazhendhi ran a firm named Maze Group Of Technology based at Thirupathi Nagar at Hosur along with his brother Raja of Dindigul district. Suresh Babu, Venkattamma, Hemalatha, Parveen Raj from Hosur and Sugadevan from Namakkal were the employees of the firm.
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