On-line 400 cr-gold trade fraud unearthed in TN

Chennai, Jan 21 (UNI) An on-line gold trade fraud by two businessmen, involving a whopping Rs 400 crore, has come to light with a jeweller lodging a complaint with the city police here.

Police today said Mayiladuthurai-based jeweller Pradeep Jain, in his complaint, stated that two Chennai-based businessmen Gowthamraj Surana and Dinesh Kumar, after promising to give gold, had cheated him to the tune of Rs 1.25 crore.

Acting on the complaint, a special police team picked up one of the promoters, Gowthamraj Surana from his house at Royapettah area last evening and questioned him.

Interrogations revealed that the accused was running a number of companies and had cheated one Kishan Lal of Rs 4.30 crore by promising online gold trading.

During the course of investigation, police found that the accused had mobilised over Rs 400 crore from a number of people under gold a deposit scheme and online gold trading.

Police said Gowthamraj Surana, a native of Rajasthan, had come to Chennai in 1969 along with his family members and established number of companies.

Since the police suspect involvement of his family members in the fraud, a hunt was on to nab Vijayaraj Surana and Santhilal Surana, brothers of Gowthamraj Surana, besides Dinesh Kumar, one of the promoters of Surana Corporation.

Meanwhile, Gowthamraj Surana was produced before George Town Metropolitan Magistrate, who remanded him to judicial custody.

He was later lodged at Puzhal jail.

UNI