About 15 persons lodged a complaint with police here alleging they had been cheated of Rs 1.2 crore in online trading by a woman who promised them good returns for their money after a certain period. Police said the complainants said the woman from Sathyamangalam in nearby Erode district, had promised them 10 per cent dividend on a monthly basis if they invested in on-line trading of various commodities.
Despite investing money over a few years, they did not get the dividend or any monetary benefit from her, following which they preferred a complaint.