CHENNAI: City police arrested Victor Jeyakumar (35), of Adyar for allegedly cheating people of Rs 6 lakh after promising them loans from private banks.
According to the police, Victor Jeyakumar, who ran Countrywide Enterprises, placed advertisements in newspapers promising housing and personal loans for interested people.
Buelah and Chandrika of Red Hills and David Chandrasekar of Kelambakkam, who approached him, had to submit several documents and fish out money for application, processing and registration.
In a few days they were shown fake documents claiming that their loan had been approved and were asked to pay a token advance.Victor collected Rs 2.40 lakh from Buelah, Rs 3 lakh from Chandrika and Rs 16,000 from David Chandrasekar as advance payment and asked them to meet him after a few days.
When they approached him again, Victor beat around the bush, citing problems in their documents as the reason for the delay. But six months down the line the frustrated trio lodged a complaint with the City Police Commissioner.Acting on their complaints, a team leaded by Assistant Commissioner Sridhar and Inspector Ashokan called in Victor for interrogation.
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