A case has been registered against a gang of 11 persons for cheating a family of ₹2.8 crore by promising to supply gold coins at a discounted rate.The accused persons collected money promising to procure gold coins at prices lower than the prevailing market rate. They promised the family that on payment of money they would deliver the procured coins in 17 to 45 days, Senior Superintendent of Police, Crime and Intelligence, Nithya Radhakrishnan said.She said the accused initially delivered gold coins of 500 grams to the complainant family on payment of money.
But to the subsequent payments made by the family, they failed to deliver gold coins as promised. The accused persons neither delivered the coins nor repaid the collected amount despite repeated demands, the SSP said.Cautioning the public not to fall victim to such offers, the SSP said four of the accused were earlier arrested by the Chennai Police in a similar case.
Teams have been formed to nab all the 11 accused involved in the fraud, she added. Published - November 04, 2026 08:42 pm IST