FQL fraud case: Two accused detained under Goondas Act

Two main accused in the FQL multi-level marketing fraud cases, Ranjith and Priyadarshini, have been detained under Goondas Act.

Madurai Collector Nishant Krishna ordered their detention based on the recommendation of the Superintendent of Police (South Zone) of Economic Offences Wing K. Saravanakumar.

According to EOW sources, a total of six cases, three in EOW Madurai, one each in Sivaganga, Dindigul and Virudhunagar, have been registered.

“So far, around 30,000 complaints have been received in these cases. Entry of the complaints are under way. Each complainant has been cheated of ₹50,000 to ₹1 lakh on the promise of doubling their investment within 40 to 45 days through “copy trading” and “daily reward points”.

Initially, Madurai district police had registered cases of cheating after scores of investors staged a road roko in Melur on August 28 demanding their money invested in the MLM company. The cases were subsequently transferred to EOW.

EOW has so far arrested 26 accused, including 20 persons in the three cases registered by Madurai district unit of EOW.