7 months ago
2
The Coimbatore City Police person arrested a mates from Namakkal connected complaint of duping respective persons of astir ₹2.5 crore by promising franchise of achromatic statement ATM, a benignant of ATMs operated by non-banking entities with support from the Reserve Bank of India.
The constabulary said that the accused, A. Duraisamy, 43, and D. Ramya, 41, operated the scam done their Coimbatore-based steadfast IZet E-Payments Pvt Ltd. They lived astatine Saravanampatti and operated the firm’s bureau connected Avinashi Road successful the city.
According to the police, the institution advertised to supply franchise of their achromatic statement ATM, branded arsenic ‘Zpe ATM’, successful 3 schemes, priced astatine ₹3 lakh, ₹5 lakh and ₹10 lakh. As per the schemes, the steadfast would instal ATM kiosks astatine places provided by the capitalist and it would capable cash.
The steadfast publicised that debit cards of immoderate slope could beryllium utilized to retreat wealth from its achromatic statement ATM models and UPI outgo app could besides beryllium utilized to scan QR codification and retreat cash. The firm, which besides publicised its app, promised fixed income to franchisees for the ATM transactions, said the police.
The advertisements were mostly circulated connected societal media platforms and done societal media influencers. To physique credibility, the steadfast besides shared photos of hosting a former judge of the Madras High Court and a erstwhile DGP successful an lawsuit successful 2024 connected societal media. Lured by the promises, respective persons from Tamil Nadu and neighbouring States paid the firm amounts ranging from ₹50,000 and supra to get the franchise.
The scam came to airy erstwhile respective persons, who applied for franchise, were not delivered the machines. Many investors besides gathered astatine the bureau of the Coimbatore City Police Commissioner recently, demanding enactment against the couple.
The City Crime Branch (CCB -I) registered a case against the mates and the firm, based connected a ailment from an investor. More complaints followed aft the lawsuit was registered.
A squad led by CCB inspector V. Nirmala arrested Duraisamy and Ramya connected Wednesday (October 22, 2025) and they were remanded successful judicial custody connected Thursday (October 23, 2025). The constabulary searched connected their premises connected Friday (October 24, 2025).
