CB-CID arrests 24 more in Tamil Nadu Iridium scam and dismantles 5 syndicates

Tamil Nadu CB-CID arrested 24 more individuals, including a key suspect, in the multi-crore Iridium scam, dismantling five syndicates. The fraudsters cheated victims of over ₹1,000 crore by falsely promising huge returns from dormant RBI accounts linked to Iridium sales, demanding upfront payments. This widespread racket was busted after a victim's complaint to the RBI.

Oct 1, 2025 1

CB-CID arrests 24 more in Tamil Nadu Iridium scam and dismantles 5 syndicates
Tamil Nadu CB-CID arrested 24 more individuals, including a key suspect, in the multi-crore Iridium scam, dismantling five syndicates. The fraudsters cheated victims of over ₹1,000 crore by falsely promising huge returns from dormant RBI accounts linked to Iridium sales, demanding upfront payments. This widespread racket was busted after a victim's complaint to the RBI.
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