Two Brothers Arrested in Tiruvallur for Rs 30 Crore Finance Fraud

The district crime branch police in Tiruvallur have arrested two brothers residing in Villivakkam in connection with a massive finance company fraud. The suspects, identified as 52-year-old Kannan and his 49-year-old brother Kamaladas, allegedly cheated more than 200 depositors of nearly ₹30 crore through an investment scheme. The arrests were reported on June 14, 2026.

According to police authorities, the brothers had operated their finance company in Tiruvallur for a period of five years. The primary hook of their business was a promise to double the investments made by the depositors. In the early stages of the business, the brothers paid out double the invested amounts to early depositors to build confidence and establish credibility.

With their reputation established, the duo then engaged a network of agents to mobilise further deposits from the public. This network allowed them to collect large sums of money from a growing number of investors. However, when the investment schemes matured, the company failed to repay the promised amounts, leaving the depositors empty-handed.

The victims subsequently approached the Tiruvallur district crime branch to report the non-payment. Police inquiries into the complaints soon revealed that the brothers' fraudulent operations were not limited to Tiruvallur. The investigation uncovered that Kannan and Kamaladas had run similar finance establishments across several other districts, including Trichy, Madurai, Sivaganga, Karur, and Salem.

Following these findings, the district crime branch police arrested both Kannan and Kamaladas. The two brothers have now been lodged in Puzhal prison. The arrest has uncovered a wider network of financial fraud that spanned multiple regions, affecting hundreds of depositors who had trusted the brothers with their money.