Aarudhra Gold Scam: Police pursue Rajasekar’s extradition from UAE

Tamil Nadu Police Seeks Extradition of ‘Aarudhra’ Rajasekhar from UAE in 2,438-Crore Gold Scam

Chennai: The Tamil Nadu Police has again written to the United Arab Emirates with the help of the Ministry of External Affairs to extradite ‘Aarudhra’ Rajasekhar from Abu Dhabi. This is the second time he has been deported.

Rajasekhar is accused of defrauding the public of 2,438 crores. He was arrested by Interpol in Abu Dhabi in December 2023 after the economy issued a Red Corner Notice against him.

Crime Branch-CID A few months ago, the EOW-CID wrote to the UAE government to extradite him; However, there was no response.

The Aarudhra Gold Deposit scam defrauded the public of Rs 2,438 crore by claiming interest rates of 25% – 30% per month to investors. In December 2023, Interpol Executive Director Rajasekar was detained in Abu Dhabi after two years on the run.

As of March 2024, the EOW had arrested 23 suspects and seized assets worth Rs 100 crore from key criminals. The EOW is also looking for Usha Rajasekar, wife of the managing director. The company failed to deliver the promised returns and subsequently stopped repaying the principal amount as well.

Between January and mid-May, the EOW registered 19 new cases and arrested 49 suspects for defrauding nearly Rs 350 crore. 10 more people were arrested in 2022. The EOW was filed under the BNS, Unregulated Deposit Schemes Prohibition Act and Tamil Nadu Depositors Protection Act.