The New Indian Express ·
FQL cryptocurrency investment scam: US resident & Melur couple named suspects
MADURAI: The FIR registered by the Economic Offences Wing (EOW) in Madurai has shown one Richard Saros from the USA as one of three named accused in the FQL cryptocurrency investment scam case. The other two are K Ranjith and his wife Priyadharshini from Melur in Madurai, besides unnamed others.
According to the EOW FIR, accessed by TNIE, the special unit has also invoked Section 21(1) of the Banning of Unregulated Deposit Schemes Act, 2019, and Section 5 of the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997, apart from sections of the BNS and the IT Act that were already invoked in the parent FIRs registered by the District Crime Branches (DCBs) in Sivaganga and Dindigul and the Cyber Crime Police of Madurai district.
The FIR, which has come to light for the first time, was registered based on a complaint from A Senthilkumar of Thumbaipatti in Melur, a quality engineer at a private company. He joined the investment in February 2026 on the reference of a relative and invested over Rs 50,000. He also spoke to Richard Saros over an app; Saros mentioned Ranjith and Priyadharshini as key figures in the investment and said he could get in touch with them for clarifications.
