CHENNAI – The ‘Killadi couple’ of Tamil Nadu, caught in a multi-crore stock market trading scam, was an empire built on lies. I believed all those lies. I dreamed that if I invest lakhs in the stock market, I can reap crores. They were constantly through social media to make people believe. They also showed me many ads through WhatsApp. It was too late to realize that it was a scam. By that time, I had lost around 16,50,000 rupees,” says Sivashankari, a native of Chengalpattu, Tamil Nadu, with tears in his eyes.
It was Sivashankar’s intervention that exposed the 5 crore stock market trading scam that rocked Tamil Nadu. Kamakshi and Karthikeyan, who were known as the ‘Killadi couple’ among the dealers, were arrested by the Tamil Nadu police a few days ago on the complaint of Sivashankari. The ‘Killadi couple’ lived with their family opposite Shiv Shankari’s house at Railway Nagar 7th Street in Chengalpat district.
The couple told everyone that their job was stock market trading. They have inspired many people to actively participate in online trading of stocks. He promised many times to help him earn lakhs through stock markets. They told me that capital is required to invest money in the stock market and if you invest a good amount initially you can get daily profit. Kamakshi’s brother Bhadrakalimuthu, father-in-law Jaganathan, mother-in-law Maheshwari, family friend Vigneswaran and wife Bhuvaneshwari used to come home with us and tell us their success stories. They easily convinced us that they would get 5 lakhs to 10 lakhs per day from the market. Their trump card was several advertisements through WhatsApp. Many people paid them. They also used their address for fraud. ”
On August 7, 2021, Rs 16,50,000, including withdrawals from her husband’s, father-in-law’s and her own investments and money borrowed from friends in three installments, were transferred to the accounts of Kamakshi and her family friend and business partner Vigneswaran. Shivashankari says that the defendants said that if they want to return the money, they only need to tell them a month in advance and they will pay an extra 10 percent dividend.
Only Rs 50,000 was given as incentive in the month after depositing the money. No money was paid later. When asked, he said that there are problems related to income tax. When he got suspicious, he asked to withdraw the money. Sivashankari also says that the ‘killed couple’ said that they would return the money. In the documents and check given by them, it was written as Ikot Maharajan. I didn’t know anyone like that. The couple was investing the money raised from investors in their names and those of their associates. Sivashankari says that he realized that he had been scammed when the check was returned.
The address they provided was fake. The house at the address was locked for a long time. When he went there for money, many people were waiting there for money. Sivashankari says that there were people who had invested money for their children’s education and marriage, and those who were doing wage work.
The Tambaram police registered a case on the complaint of Siva Shankari on July 23. The police arrested the ‘Killadi couple’ the other day. Later, Vigneswaran was also arrested. The Tambaram police informed that hundreds of people were cheated by the couple and about Rs 5 crore was stolen. The Tambaram police said that the search has been intensified against their accomplices Aikot Maharajan, Bhadrakalimuthu, Bhuvaneswari, Maheshwari and Jaganathan.
English Summary: Cheating in Stock Market Trading: Killadi couple who made crores Arrested