Investment scam: Man from Kerala arrested
New Delhi: A 29-year-old fisherman from Kerala was arrested by the Delhi Police Crime Branch for allegedly cheating a retired Indian Army Lieutenant Colonel of Rs 18 lakh through a fake investment scheme.
The accused, Sreejith Rajendran, was tracked down and apprehended in Azheekal, Kollam district, Kerala.
According to the police, the retired officer began receiving messages and calls from an unknown number in Dec 2023. The caller, a woman who identified herself as "Cute Arvin Anghita," lured him with promises of high returns in the foreign exchange market. She convinced him to invest increasing amounts of money in multiple instalments, assuring him of substantial profits.
As he began requesting a withdrawal of some of the invested funds, she informed him that he would first need to pay an additional amount to process the withdrawal, a police officer said. Feeling pressured, the victim continued to pay, ultimately losing a total of Rs 18,80,818 to the fraudsters.
During the investigation, police found that the defrauded amount was transferred to multiple bank accounts, many of which were opened using fake identities and addresses.
by Taboola
by Taboola
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A detailed analysis of transaction records revealed that Rs 5,93,681 of the defrauded amount was transferred to a bank account in Oachira, Kollam, Kerala, held by Sreejith Rajendran. He withdrew this amount in cash on the same day.
Following this lead, Sreejith was located and arrested from Azheekal, Kerala. Police revealed that he is a fisherman by profession and studied up to Class 10. He was drawn into the scam after observing a friend enjoying a lavish lifestyle funded by similar fraudulent activities. His desire for quick money led him to join this gang of cheats, said an official.
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