Kannur police have arrested Adarsh Kumar, a 24-year-old from Kodagu, Karnataka, for his involvement in an online money fraud case. Adarsh is accused of defrauding a Pallikkunnu native of Rs 41 lakhs by convincing him to invest in the New York Stock Exchange and Forex Trading through his supposed firm in Chicago.
Initially, Adarsh gained the complainant’s trust by doubling his investment. However, when the complainant tried to withdraw the additional investments, he was unable to do so, leading him to report the scam to the police.
The investigation, led by CI Sreejith Koderi and a cyber police team, tracked Adarsh’s movements and financial transactions, eventually locating him in Kattikkulam, Wayanad, where he was arrested. The arrest team included SI P.P. Shameel, Pradeepan, ASI Rajesh, and CPO Vinil.
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