15 complain of being cheated of Rs 1.2 cr in on-line trading

Complainants reported that the alleged woman had promised them 10 per cent dividend on a monthly basis on their on-line trading investment

PTI | June 15, 2011



About 15 persons lodged a complaint with police here alleging they had been cheated of Rs 1.2 crore in online trading by a woman who promised them good returns for their money after a certain period on Tuesday.

Police said the complainants said the woman from Sathyamangalam in nearby Erode district, had promised them 10 per cent dividend on a monthly basis if they invested in on-line trading of various commodities.

Despite investing money over a few years, they did not get the dividend or any monetary benefit from her, following which they preferred a complaint.

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