Chennai, Oct. 26 -- The Crime Branch-CID Wing of the Tamil Nadu policecontinuing its massive crackdown, conducted intensive raids across the Stateand arrested 27 more people in connection with the Iridium scam.
An official release here said acting on credible information that several fraudgangs in Tamil Nadu were deceiving the public by misusing the name of theReserve Bank of India (RBI) and falsely claiming that crores of rupees couldbe received from abroad through the sale of Iridium, the Crime Branch-Criminal Investigation Department (CBCID), Tamil Nadu, initiated suo motuinvestigations.
Investigations revealed that the accused had fabricated documents in thename of the RBI and operated unregistered Trusts to cheat innocent peopleof la...