| Defrauded Paazee investors petition CM Staff Reporter Tirupur: Defrauded investors of Paazee Marketing and Paazee Forex Trading have submitted a memorandum to Chief Minister Jayalalithaa requesting the government to take steps to confiscate properties of the directors and the agents of the companies so that the investors would get their money back. Paazee Nidhi Niruvanathal Bathikkapattore Nala Sangham president N. Nachimuthu told The Hindu that a list of 27 agents of the company and profiles of the directors had been furnished in the representation to the Chief Minister. Acting on a petition of the Sangham the High Court had recently orderd a CBI investigation into the alleged swindle. “The directors of the company, K. Kathiravan, K. Mohanraj and Kamalavalli, utilised the services of these agents to canvass and collect investments from the public,” Mr. Nachimuthu said. According to him, almost Rs 1,600 crore of nearly 48,000 investors had been swindled by the company directors.  Online edition of India's National Newspaper Friday, May 27, 2011 Defrauded investors to meet Chief Minister R. Vimal Kumar Madras High Court had asked the CBI Director to entrust a competent officer with probe CBI to begin investigation within a few days Tirupur: Defrauded investors in Paazee Marketing and Pazzee Forex Trading companies, on whose petition Madras High Court recently ordered a CBI inquiry into the alleged cheating, are to meet Chief Minister Jayalalithaa prior to CBI commencing its investigation in the case in the next few days. In the meeting with the Chief Minister, the swindled investors would be seeking the assistance of the State machinery to arrest the agents deployed by the company to physically collect the money from customers at the earliest, which would be helpful for CBI investigation. Police sources told The Hindu that CBI team would commence its investigation in the case within the next few days as it had obtained the court order. The High Court had directed the CBI director to entrust the investigation to a competent officer. The High Court order, pronounced by Justice C.T. Selvam on April 29, came on the petition moved by Paazee Nidhi Niruvanathal Bathikkapattore Nala Sangham, a welfare association comprising thousands of affected persons, and Loganathan of Namakkal district, which stated that the two companies lured the public to deposit their money by promising high returns only to cheat the investors subsequently. “Almost 48,000 customers invested Rs. 1,600 crore and later found themselves in a predicament as post-dated cheques issued by the companies to the investors started getting bounced,” the sangham president N. Nachimuthu told The Hindu. The two companies were run by K. Kathiravan, who worked as a reporter of a leading Tamil dailyin Tirupur for many decades, his son, K. Mohanraj, and Kamalavalli. The investors approached the court only because they felt that officials of the Central Crime Branch and Economic Offences Wing had been colluding with the accused. Already, three police officers including a Deputy Superintendent of Police and two Inspectors who had investigated the case were placed under suspension following allegations of corruption during the investigation. Police officials' role A senior police official told The Hindu that a few more police officials too were under scanner in the case based on intelligence reports filed by various agencies. The CBI would investigate the role of these officials in relation to the transfer policies followed while posting the two accused Inspectors into the investigation process from some other localities, among other issues, the official pointed out. It should be noted that an Inspector General of Police had already been interrogated by CB-CID at its headquarters in April for his alleged role in safeguarding the accused company directors. Defrauded investors of Paazee company to meet Chief Minister R. Vimal Kumar Tirupur: Defrauded investors in Paazee Marketing and Pazzee Forex Trading companies, on whose petition Madras High Court recently ordered a CBI inquiry into the alleged cheating, are to meet Chief Minister Jayalalithaa prior to the CBI commencing its investigation in the case in a few days. In the meeting with the Chief Minister, the swindled investors would be seeking the assistance of state machinery to arrest the agents deployed by the company to physically collect the money from customers at the earliest, which would be helpful for CBI investigation. Police sources told The Hindu that the CBI team would commence its investigation in the case within the next few days as it had obtained the court order. The High Court had directed the CBI director to entrust the investigation to a competent officer. The High Court order, pronounced by Justice C.T. Selvam on April 29, came on the petition moved by Paazee Nidhi Niruvanathal Bathikkapattore Nala Sangham, a welfare association comprising many thousands of affected persons, and Loganathan of Namakkal district, which stated that the two companies lured the public to deposit their money by promising high returns only to cheat the investors subsequently. “Almost 48,000 customers invested Rs. 1,600 crore and later found themselves in a predicament as post-dated cheques issued by the companies to the investors started getting bounced,” the sangham president N. Nachimuthu told The Hindu. The two companies were run by K. Kathiravan, who worked as a reporter of a leading Tamil dailyin Tirupur for many decades, his son, K. Mohanraj, and Kamalavalli. The investors approached the court only because they felt that officials of the Central Crime Branch and Economic Offences Wing had been colluding with the accused. Role of police officials Already, three police officers including a Deputy Superintendent of Police and two Inspectors who had investigated the case were placed under suspension following allegations of corruption during the investigation. A senior police official told The Hindu that a few more police officials too were under scanner in the case based on intelligence reports filed by various agencies. The CBI investigation would probe the role of these officials in relation to the transfer policies followed while posting the two accused Inspectors into the investigation process from some other localities, among other issues, the official pointed out. It should be noted that an Inspector General of Police had already been interrogated by CB-CID at its headquarters in April for his alleged role in safeguarding the accused company directors. HC order a relief for Paazee investors Staff Reporter Tirupur: For the many hundreds of defrauded depositors of Tirupur-based Paazee Marketing Company, the ordering of a CBI inquiry in the case by the Madras High Court on Tuesday had brought the much-needed relief. “We have moved the court only after the various wings of the State police like the Economic Offences Wing and the Central Crime Branch failed to act impartially. Instead, they even colluded with the accused,” N. Suresh, vice-president of Paazee Nidhi Niruvanathal Bathikkapattore Nala Sangam (PNNBNS), told The Hindu. The High Court pronounced the order based on a petition filed by PNNBNS, represented by its president N. Nachimuthu. The court had observed that the case had suffered a setback due to controversial dealings by a few police officials in Tirupur district for which criminal action had already been taken. The petitioners pointed out that three proprietors of the firm – Kathiravan, a reporter of a leading Tamil daily posted at Tirupur, his son K. Mohanraj and Komalavalli, were running two companies Paazee Marketing company and Paazee Forex Trading India Private Limited and lured the public to deposit their money offering by promising exorbitantly high returns. “However, they eventually cheated us,” Mr. Suresh said adding that around 48,000 depositors had been defrauded to the tune of Rs. 1,600 crore. Court orders CBI enquiry into deposit fraud case Special Correspondent CHENNAI: The Madras High Court on Tuesday ordered a CBI enquiry into the alleged cheating of a large number of people who had deposited money to the tune of several crores of rupees in two companies in Tirupur. Justice C.T. Selvam passed the order on petitions by the Paazee Nidhi Niruvanathal Bathikkapattore Nala Sangam (welfare association of affected persons) and one K. Loganathan of Namakkal district. The Judge directed the CBI Director to take up investigation and entrust it to a competent officer. The State Government should provide necessary infrastructure to the central agency for conducting the investigation. In its petition, the association, represented by its president, N. Nachimuthu, said K. Mohanraj, Kathiravan and Kamalavalli were running two companies – Paazee Marketing Company and Paazee Forex Trading India Private Limited. In the course of their business transaction, the three lured the public to deposit their money by promising high interest rates and attractive returns. The three did not return the money invested by the public within the stipulated time. They issued post-dated cheques, which bounced. They also started evading payment of the principal. Nearly 48,000 persons had invested Rs.1600 crore, the petitioner said. The affected persons had filed complaints with the police in 2009 and 2010. Initially, the three were granted anticipatory bail. Later, the relief was cancelled. The Economic Offences Wing (EOW) of the State police and the Central Crime Branch, Tirupur, had not taken any action. The petitioner prayed the court seeking a direction transferring investigation from the Tamil Nadu Police to CBI. Following a court direction, the Deputy Superintendent of Police, EOW-II, Coimbatore, in an affidavit said special teams had been formed to trace the accused. The Special Public Prosecutor for CBI cases, N. Chandrasekharan, opposed the plea to transfer the case to the central agency as the State police had almost completed investigations. |
போலீஸ் அதிகாரிகள் மீதான வழக்கு சிபிஐக்கு விரைவில் மாறுகிறதுநாள் 5/5/2011
திருப்பூர் : பாசி நிதி நிறுவன பெண் அதிபரை கடத்தி, அவரிடம் இருந்து ஸீ2.95 கோடி பறித்ததாக டி.எஸ்.பி, இன்ஸ்பெக்டர்கள் உள்ளிட்டோர் மீது பதிவு செய்யப்பட்ட வழக்கு சிபிஐக்கு மாற்றப்படுகிறது. திருப்பூர், அவிநாசி சாலையில் செயல்பட்டு வந்த ‘பாசி போரெக்ஸ் டிரேடிங்‘ என்ற நிதி நிறுவனம், கோடிக்கணக்கான ரூபாய் மோசடி செய்ததாக தொடரப்பட்ட வழக்கை சி.பி.ஐ.க்கு மாற்ற வேண்டும் என நிதி நிறுவனத்தில் முதலீடு செய்தவர்கள் முறையிட்டனர்.
இதையடுத்து, இந்த வழக்கை சி.பி.ஐ.க்கு மாற்ற சென்னை உயர்நீதிமன்றம் உத்தரவிட்டது. இதேபோன்று, பாசி நிதி நிறுவனத்துக்கு ஆதரவாக செயல்பட்டதாக போலீசார் மீதும் புகார் எழுந்தது. இதுதொடர்பாக திருப்பூர் டி.எஸ்.பி ராஜேந்திரன், இன்ஸ்பெக்டர்கள் சண்முகையா, மோகன்ராஜ் ஆகிய 3 பேர் சஸ்பெண்ட் செய்யப்பட்டனர்.
இதற்கிடையே, 2009 டிசம்பர் 8ம் தேதி பாசி போரெக்ஸ் டிரேடிங் நிறுவன இயக்குனர் கமலவள்ளியை கடத்தி, ரூ.2.95 கோடி பணம் பறித்ததாக புகார் கூறப்பட்டது. இதுதொடர்பாக அவிநாசி நீதிமன்றத்தில் ஆஜராகி நிதி நிறுவன இயக்குனர் கமலவள்ளி, நீதிபதி முன்பு ரகசிய வாக்குமூலம் அளித்தார்.
அதன்படி, இந்த வழக்கு, சிபிசிஐடி வசம் ஒப்படைக்கப்பட்டது. விசாரணையில், பணம் பறித்தது உறுதி செய்யப்பட்டதை அடுத்து, வழக்கில் குற்றம் சாட்டப்பட்ட இன்ஸ்பெக்டர் மோகன்ராஜை, சிபிசிஐடி போலீசார் கைது செய்தனர். இன்ஸ்பெக்டர் சண்முகையா முன்ஜாமீன் பெற்றார். சில உயரதிகாரிகளிடமும் விசாரணை மேற் கொள்ளப்பட்டது.
வழக்கை விசாரித்த சிபிசிஐடி டி.எஸ்.பி மலைச்சாமியிடம் கேட்டபோது, ‘‘பாசி நிதி நிறுவன மோசடி வழக்கை சி.பி.ஐ.க்கு மாற்றி உயர்நீதிமன்றம் உத்தரவிட்டது. போலீஸ் அதிகாரிகள் மீதான இந்த பணம் பறிப்பு வழக்கும் அதோடு தொடர்புடையது என்பதால், இந்த வழக்கையும் மாற்ற வேண்டும் என சி.பி.ஐ. கோரியது. அதன்படி இந்த வழக்கு மாற்றப்பட உள்ளது. இதுதொடர்பான ஆணை கிடைத்தவுடன் சி.பி.ஐ. வசம் ஒப்படைக்கப்படும்’’ என்றனர்.
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Forex Trading in Tirupur
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