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Couple cheats garment unit owner of Rs 5.5 CR | Coimbatore News


Coimbatore: The crime branch (CCB) of the city police on Monday arrested a couple for cheating a garment unit owner of Rs 5.5 crore.
The arrested have been identified as P Sivakumar, 42, and his wife S Sathya Priya, 40, from Cheran Maa Nagar. They were booked under sections 120 (b) (criminal conspiracy) and 420 (cheating) of the Indian Penal Code. The couple was produced before a judicial magistrate on Monday and later remanded in judicial custody.
The couple was running a surgical equipment sales company in the name of MSS Surgical near New Siddhapudur in the city. They borrowed Rs5.5crore in several installments between 2015 and 2016 from A Sivalingam, a garment unit owner from Pa Vadugapalayam near Palladam in Tirupur district. But they failed to repay the amount. ....

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