A real estate company called 'Neo-Max' was operating with its headquarters in Virudhunagar. More than 12 subsidiary companies belonging to this company were operating in various districts. These companies woo customers by promising extra interest and doubling the principal amount in a given year. There are various complaints that he has cheated by collecting more than Rs.5,000 crore.
In this case, on the basis of a complaint filed by a victim from Chatur Kovilpatti, a case was registered in the madurai Economic Crime Prevention Division against the directors of 'Neo Max' and subsidiary companies madurai Kamalak Kannan (55), Balasubramanian (54), Trichy Weerashakti (49), agents Kariyapatti Manivannan, Chellammal.
In this case, the directors of Nellie Company, Devakottai Simon Raja, madurai Achampathu Kapil, Thoothukudi Isaki muthu and Sakayaraj have been arrested. 3 persons, including Kamalakannan, who are the main persons in this case, are still absconding. police are looking for them.
In this case, the agents of these companies in their respective areas are threatening that 'If the investors file a police report, they will not get the money', they are talking on cell phones and sending text messages saying, 'We will arrange to buy and deliver the money'. Due to this, when the investors hesitated to file a complaint, they kept more than a hundred complaint petitions in the name of 'Complaint manu Mela' and interrogated the victims at the madurai Armed Forces Ground.
Meanwhile, on 'Neo-Max' and its related companies 'Neo Max' developer, Live Smart Property, Realtors, Expro Retail, Live Pride Property, Sensurion, Ventura Property, madurai, Saporo Property, Atlantino Developer in Virudhunagar, Lumai Properties, Karaikudi 100ft Road, Dindigul muthu Nagar. On the same day, the respective district Economic Crime Squad police raided the offices of Bago Property, Reclamation Property in Perumalpuram at Nellai Palayangottai, Astonese Property near the old sriram Theater in Theni, Mileno Development Purse in Kamba, and Libertiles in thiruvarur Keeza Road.
The raid was also conducted under the leadership of DSP Kuppusamy in Madurai. According to the police, property documents and items were seized in connection with the fraud.
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