The Crime Branch – Criminal Investigation Department (CBCID) of Tamil Nadu has intensified its action against fraudsters who deceived the public across the state under the guise of “Iridium sales.”
Based on information that several fraud gangs from Tamil Nadu had been using the name of the Reserve Bank of India (RBI), fabricating fake documents, and operating unregistered trusts to falsely claim that crores of rupees would be received from foreign countries through “Iridium sales,” the CBCID initiated a suo motu investigation.
In the first phase, conducted on 12.09.2025, 30 accused persons connected to 13 cases were arrested. Subsequently, more than 20 additional cases were registered across Tamil Nadu. Evidence and documents were collected from the victims, and the investigation was intensified.
Following this, on 23.10.2025 and 24.10.2025, large-scale raids and searches were carried out across 15 districts in Tamil Nadu as part of the second phase of the operation. The operation was led by 8 Deputy Superintendents of Police, along with 20 Inspectors and 15 Sub-Inspectors from the CBCID.
During this operation, five key accused —
(i) Kambam Chandran,
(ii) Perumanallur Rani,
(iii) Musiri Yuvaraj,
(iv) Varusanadu Palaniammal, and
(v) Nagapattinam Rajasivam —
along with their associates, a total of 27 accused persons, were arrested. All of them have been remanded to judicial custody.
The CBCID has urged the public not to fall prey to false promises such as “Invest one lakh to earn one crore” or claims that money will be received from abroad through Iridium sales or the RBI. The department also appealed to citizens to report any suspicious individuals or activities immediately to the police.
— Crime Branch Criminal Investigation Department, Tamil Nadu
