Murugan, 62, and Muthusamy, 47, arrested by police
His driver Muthusamy , 47, and Muthusamy’s wife Krupa, 44, who worked at Devaraj’s house, were among four people arrested by the Economic Offences Wing (EOW). The others were electrician Murugan , 62, and Isakkidurai, 33, of South Manadu near Tiruchendur. The victims subsequently approached the Madurai bench of Madras high court, which directed authorities to immediately refund 30% of their deposits.
Based on a complaint from Valarmathi, deputy registrar of cooperative societies, Tiruchendur, police initially arrested Devaraj, society president Murugesa Pandian, assistant secretary Jhansi Chandrakantha Gnanabai, clerk Sivagami and jewellery appraiser Aarumuga Nainar. customers awaiting their gold moved the court again Although several depositors received money. The investigation, supervised by EOW SP Saravanakumar and led by DSP Jeyapal Barnabas, resulted in four more arrests. Police are examining whether the accused knowingly allowed their names to be used for the transactions.
Efforts are underway to recover the repledged jewellery and produce it before the court.
A fresh investigation following the petitions traced the ornaments to banks and cooperative societies in Sethukkuvaithan, Udangudi and Madhavakurichi.