FQL Scam Suspects Named as US Resident and Madurai Couple
The FQL cryptocurrency investment scam has taken another turn in India, as an FIR registered by the Economic Offences Wing (EOW) in Madurai names three suspects. One of them is Richard Saros from the USA, while the other two are K Ranjith and his wife Priyadharshini from Melur in Madurai.
According to the EOW FIR, which has been accessed by TNIE, the special unit has invoked various sections of the law, including 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.
The FIR was registered based on a complaint from A Senthilkumar of Thumbaipatti in Melur, who joined the investment in February 2026. He invested over Rs 50,000 and spoke to Richard Saros over an app, where he mentioned Ranjith and Priyadharshini as key figures in the investment.