Chennai Builders'son has arrested for cheating more than 220 homebuyers

Q: The managing director of RRB Housing Company Limited and his son had run a construction company in Ekkatuthangal and took cash deposits from people who were interested in buying apartments.

Ananth KV, Chennai

2nd February 2016

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Hi all,
There is a proverb in english "As you bow so will you reap''. This proverb suits in duo. At last the investers have decided to meet with the policeand lodged a complaint with him. The case was referred to the central crime branch which arrested the duo and are investigating.

david.m,

2nd February 2016

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Hi David,
As per the police, the investors had taken personal and housing loans to deposit the money with the cheaters. The complainants said they were under tremendous pressure from the banks and financial institutions to return the money. They alleged that the father and son had systematically cheated them of their hard earned money and invoke the police to recover the amount which the duo owed to them.

Parashuram, Chennai

2nd February 2016

@Parshuram.
Yes, police are investigating the matter where the money is stored and are on the lookout for the duo's partner in crime who were also to the part of fraud and are suspected to have a large part of the money.

david.m,

2nd February 2016

And it is also come to know that veteran actor S S Rajendran's relatives had earlier lodged a complaint against the men for cheating them by failing to pay the money agreed upon to purchase the land.The case is pending before the police.

Venu Gopal, Chennai

2nd February 2016

Yes, police has arrested them for cheating more than 220 people to the tune of Rs 300 crore by promising to build them apartments in Nungambakkam near Tiruvallur. Tit for tat.

Venu Gopal, Chennai

2nd February 2016

Comment

Hi Venu,
Do you know the story of this case? I am telling what exactly happened in this case. Padmanabhan and his son Tamizh had run a construction company in Ekkatuthangal and took cash deposits from people who were interested in buying apartments. When some of the investors went to see the houses, which the duo claimed to have completed, they were shocked to find that the land was barren. Villagers in the area told them that the land did not belong to Padmanabhan or Tamizh. Can you believe this such kind of people living a royal life in India.

Parashuram, Chennai

2nd February 2016