Money launderer Arrested
The Central Crime Branch unit of the Coimbatore Rural Police has arrested Kalyanasundaram of Tirupur on charges of money laundering at exorbitant rates of interest besides resorting to criminal intimidation of the borrowers to part with more money.
Balraj of Tirupur had preferred a complaint stating that he used to borrow money for his knitwear firm and despite having settled Rs. 6 lakh, the money launderer was harassing him. It was learnt that Kalyanasundaram demanded Rs. 500 per lakh as interest per day. Based on his complaint, Inspector Shanmugiah and his team raided the premises and seized records and arrested Kalyanasundaram. Further investigations are on.
