M/s. Max Pro Marketers Pvt. Ltd.
I. Gist of the Case
EOW – II case in Cr. No. 20/2012 was registered on 19.12.2012 against A-1 M/s. Max Pro Marketers Pvt. Ltd,A-2 Shri R. Shanmugasundaram and A-3 Shri R. Suseendiran and unknown others on the allegation that the accused had collected deposit from the public with false assurances to give 20 % interest along with incentives at the end of the year. Evenafter maturity, the accused had failed to return the deposited amount with interest and cheated the public.
During the course of investigation, A-3 Shri R. Suseendiran was arrested on 22.01.2013 and remanded to judicial custody by the Hon’ble Spl. TNPID Court. On 04.03.2013, the Hon’ble High Court of Madras granted an interim Anticipatory Bail to A-2 Shri R. Shanmugasundaram. A-2 and A-3 are regularly signing before the I.O.
So far, 536 complaints have been received from the public all over Tamil Nadu to a tune of Rs. 9,05,68,700/-.
II. Accused Details:
Accused obtained A/B
A – 3, Susendran
A – 2, Shanmuga Sundaram
III. High Lights
1. Chennai EOW Cr.No.20/2012 u/s 120(b), 406, 420 IPC r/w 120(B) IPC & 5 of TNPID Act
2. Total amount involved: 9,05,68,700/-
3. Total No.of depositors: 536
4. Amount settled: Nil
IV. Efforts taken by EOW-II
During investigation, the information about the landed properties of the accused were collected and the Sub – Registrars concerned were addressed to furnish the copy of document, E.C. and guide line value with an instruction to freeze further registration on these properties. After collecting these documents, a proposal for ad-interim attachment of the consolidated properties will be submitted in due course.
V. Latest Development:
Still many complaints are being received and the investigation is under speedy progress.
VII. Present Stage of the Case:
The case is under investigation.
VIII. Request to Depositors
For any further information on refund the depositors may contact
Tr. R. Chin Ram
Deputy Superintendent of Police,
EOW-II, Anna Nagar,
Phone : 044 26220314.