The police stated they’re arrested a key member of a racket that allegedly swindled over ₹ 3.43 Crore from a health care provider in Ulloor right here in a web based funding rip-off on friday.
The arrested particular person, dhanush narayanaswamy, a Bengaluru Native, was taken into custody there on September 29.
He was brieft to kerala on September 30 and later remanded by the thiruvananthapuram further Chief Judicial Justice of the Peace Court docket.
Based on Police, The Gang’s Modus operandi Concerned Profitable The Sufferer’s Belief by LURING HIM INTO ONLINE Investments Promising Excessive Returns.
As soon as satisfied, the sufferer transferred Substantial Sums, which the gang transformed into cryptocurrency and transferred overseas.
The Sufferer Lodged a Criticism after realising He Had Been Cheated. Investigation revised that the gang had contacted Him By way of Whatsapp and Telegram, Coercing Him to Make investments.
The cash was transferred into a number of financial institution accounts, which police tracked to an account linked to a pretend firm in Bengaluru.
Additional Probe Into This Account Led to the Identification and Arrest of Narayanaswamy, who had open accounts below the pretext of working an organization to facilitate to facilitate to facilitate.
Police Recovered ₹ 1.2 Crore from His Account and Mentioned Investigations are Persevering with to Establish Different Members of the Racket and Get well the Remining Quantity.
Revealed – October 03, 2025 10:47 pm IST