Madras High Court
Nagarathinam vs The Additional Director General Of … on 7 July, 2026
Author: G.K.Ilanthiraiyan
Bench: G.K. Ilanthiraiyan
WP Crl. No. 1452 of 2025
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 07-07-2026
CORAM
THE HON'BLE MR JUSTICE G.K. ILANTHIRAIYAN
WP Crl. No. 1452 of 2025
and
WPMP Crl. No. 756 of 2025
Nagarathinam
..Petitioner
Vs
1. The Additional Director General of Police
(ADGP),
Economic Offences Wing (EOW),
Natesan Salai, Chennai -600083.
2. The Inspector General of Police (IG),
Economic Offences Wing (EOW),
Natesan Salai, Chennai - 600083.
3. The Superintendent of Police (SP),
Economic Offences Wing (EOW),
Natesan Salai, Chennai-600083.
4. The District Revenue Officer,
Coimbatore District.
5. The Deputy Superintendent of Police,
Economic Offence Wing, Coimbatore District.
6. The Inspector of Police,
Economic Offences Wing (EOW),
Kavalthurai Commissioner Valaagam,
Coimbatore - 641018.
..Respondents
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WP Crl. No. 1452 of 2025
Prayer : Writ Petition filed under Article 226 of the Constitution of India,
praying to issue a WRIT OF MANDAMUS, or any other appropriate Wit,
Order, or to Direct the 4th to 6th Respondents to immediately act upon the
Petitioner’s Representation dated 13.09.2025 by including the 142 and few
more beneficiaries of excess payments, as identified by the Petitioner’s
company and to conduct a detailed verification of all the investor’s accounts and
payment details, and their acquired properties, in connection with the
investigation in FIR No.04/2024 in the file of EOW, Coimbatore and
Consequently, directing the respondents to take all necessary steps for the
attachment, seizure, and recovery of the said assets/funds from the 142
beneficiaries and few more to come, in accordance with the provisions of the
TNPID Act and the BUDS Act, thereby ensuring maximal recover for the
benefit of the depositors.
For Petitioner: Mr.R.Rafi Babu
For Respondents: Mr.R.Ganesh Kumar
Counsel for Government of Tamil Nadu (Crl.Side)
ORDER
.This Writ Petition (Criminal) has been filed seeking a direction to the
respondents 4 to 6 to take appropriate action on the representation submitted by
the petitioner dated 13.09.2025, seeking inclusion of 142 and few more
beneficiaries of excess payments, as identified by the petitioner, by conducting
a detailed investigation.
2. Heard the learned counsel appearing on either side and perused the
materials available on record.
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WP Crl. No. 1452 of 2025
3. The petitioner is an accused in Crime No.59 of 2023 registered for
the offences under Sections 120B, 406, 420 and 506(ii) of IPC, Section 5 of
Tamil Nadu Protection of Interest of Depositors (In Financial Establishment)
Act, 1997 and Section 21(3) of The Banning of Unregulated Deposit Schemes
Act, 2019. It is alleged that the petitioner received huge deposits from 56
members, amounting to approximately Rs.8 crores. Pending investigation, the
petitioner submitted a representation stating that he had lent huge money from
several persons. Therefore, the Investigating Agency shall ought to have taken
appropriate steps to recover those amounts in order to pay the same to the
victims.
4. On instructions, the learned Counsel for Government of Tamil
Nadu (Criminal Side) appearing for the respondents submitted that the sixth
respondent has already completed the investigation in Crime No.59 of 2023 and
filed a final report before the Special Court under TNPID Act, Coimbatore, on
24.12.2025. The said final report is now pending for taking cognizance by the
Trial Court.
5. It is seen from the records that, though the petitioner provided
certain phone numbers and particulars of amounts allegedly lent to various
persons, the investigation did not reveal any material to substantiate the
petitioner’s claim that such amounts had been advanced by him. That apart, the
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WP Crl. No. 1452 of 2025
investigation has already been completed and the final report has also been filed
before the jurisdictional Court.
6. In view of the above, the relief sought for in this writ petition
cannot be granted. Thus, the writ petition lacks merit and is liable to be
dismissed. Accordingly, this Writ Petition (Criminal) stands dismissed.
Consequently, connected miscellaneous petition is closed. No costs.
07-07-2026
Index: Yes/No
Speaking/Non-speaking order
Neutral Citation: Yes/No
LPP
To
1.The Additional Director General of Police (ADGP),
Economic Offences Wing (EOW),
Natesan Salai, Chennai -600083.
2.The Inspector General of Police (IG),
Economic Offences Wing (EOW),
Natesan Salai, Chennai – 600083.
3.The Superintendent of Police (SP),
Economic Offences Wing (EOW),
Natesan Salai, Chennai-600083.
4.The District Revenue Officer,
Coimbatore District.
5.The Deputy Superintendent of Police,
Economic Offence Wing, Coimbatore District.
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WP Crl. No. 1452 of 2025
6.The Inspector of Police,
Economic Offences Wing (EOW),
Kavalthurai Commissioner Valaagam,
Coimbatore – 641018.
7.The Public Prosecutor,
High Court of Madras,
Chennai.
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WP Crl. No. 1452 of 2025
G.K.ILANTHIRAIYAN J.
LPP
WP Crl. No. 1452 of 2025
and
WPMP Crl. No. 756 of 2025
07-07-2026
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