Police nab man from Bengaluru in ₹3.43 crore investment fraud

Police said they had arrested the key member of an online investment deception on Friday that an alleged racket allegedly defrauded from a doctor in Ulloor.

Dhanush Narayanaswamy, a native of Bengaluru, was detained on September 29th.

He was brought to Kerala on 30 September and was later arrested by the Edition of the Edition of the Edition of Thiruvananthapuram.

According to the police, the gang’s mode operandi was involved in gaining the trust of the victim by attracting it to online investments promising high return.

After the sacrifice was convinced, he conveyed significant amounts that the gang became a crypto currency and transferred abroad.

The sacrifice filed a complaint after realizing that it was deceived. The investigation revealed that the gang had contacted him through WhatsApp and Telegram and forced him to invest.

The money was transferred to more than one bank account, which the police followed an account attached to a fake company in Bengaluru.

More investigations into this account led to the identification and arrest of Narayanaswamy, who opened an account under the pretext of a company executive to facilitate the investment fraud.

Police won 1.2 Crore from his account and said the investigations continued to define the other members of the racket and save the remaining amount.