In a first, EOW takes up e-auctioning of Neomax plots

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A whopping 62,165 complaints received from depositors of Neomax Properties since June 2023 had kept the Economic Offences Wing successful Madurai connected its toes.

Upon registration of the FIR for cheating of depositors, the EOW took up the laborious task of probe and arrested arsenic galore arsenic 171 accused belonging to Neomax properties and its 45 sister concerns connected charges of cheating depositors of their wealth to the tune of ₹6,727.38 crore.

The sleuths had to occurrence connected each cylinders to place the properties belonging to the cheating companies crossed 16 districts.

Published - March 27, 2026 09:08 p.m. IST

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