Man Arrested For Cryptocurrency Fraud | Kochi News

Kochi: A 53-year-old man who allegedly scammed multiple people to the tune of lakhs by making a bogus offer that if they invest in cryptocurrency, they will get three times the amount as returns was arrested by Ernakulam Rural police on Monday.
The arrested person has been identified as Vinod Edapparambil of Madavoor. He was arrested by Perumbavoor police from Muvattupuzha. He was arrested after two persons hailing from Iringol and Allappra complained that they transferred lakhs of rupees to his account as part of the deal but did not get any money in return.
According to police, he introduced himself to the victims as the first promoter-cum-chairman of Deal FX company which he claimed was based out of the UK. Police said that he has admitted that he has held business meets at various locations and has collected large sums from various people.
The accused has similar cases against him in Pala, Eattumanoor and Kottappady, police said. The accused was arrested by a team under Rural SP Vivek Kumar and led by Perumbavoor ASP Anuj Palliwal. Inspector R Ranjith, sub-inspectors Rins M Thomas, Jossy M Johnson, Greeshma Chandran, SCPO I Nadirsha, PA Abdul Manaf, V M Jamal and T P Shankunthala were part of the probe team.
Earlier, a similar scam in the name of cryptocurrency had led to multiple FIRs in various districts such as Malappuram, Kannur, and other regions. In that case, more than 900 investors were cheated to the tune of Rs 1,200 crore.
One held under Kaapa
Kochi: Ernakulam Rural police arrested a 34-year-old man on Monday under the Kerala Anti-Social Activities Prevention Act (Kappa). Ibrahim alias Umbayi of Karumaalur is the arrested. According to police, Ibrahim was a history-sheeter.
Rural police said he had been booked for attempted murder, assault, cheating, abetment to suicide, kidnapping and sexual assault.


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