6 persons have been arrested by TN Police for cheating public. The gang was staying in a private lodge and seemed to have proposed the lodge manager to buy iridium at low price. Manager noticed them and their activities and informed police.
On interrogation it is found that David Kumar is the main accused in 'Iridium cheat' and already a case has been registered in Tirunelveli district against him.
While the innocent people still standing in the queue for exchanging the old notes and withdrawals at ATM, some gang say that the notes can be exchanged in bulk through back door. Even after watching the movie like 'Special 26', people tend to believe these cheats.