Police City Cyber Crime Police Thiruvananthapuram has arrested the main missile of investment fraud involving cryptocurrency washing.
The gang, which worked under the guise of a British investment company, was reportedly cheated on by a compatriot from Thirum of 31 ₹ Lakh after promising to double his revenues.
The money was first inserted into fake bank accounts created by the accused and later transformed into a cryptocurrency and transferred abroad, the police said.
A team of police crime led by assistant Commissioner Mr. Prakash KS arrested a few days ago four people from Chennai in connection with the missile. Were identified as Balaji Balaji Balaji Balaji Balaji, Arumbakkam, Chenai; Daniel Christopher, 34 years, New Perungalathur, Chenai; Santosh Kumar, 28, from Virunhunagar; And Velmurugan, 43, from arrival in Tamil Nadu.
Official sources said that fraud was made by the victim’s belief that he was investing in a legitimate British company that promised high returns. The funds were directed through fake bank accounts and washing with cryptocurrency transactions to offshore destinations including Dubai, Singapore and Malaysia.
The case was registered at the City City Crime Police Station 25. Forensic examination of banking transactions revealed that the operation was coordinated primarily from Chennai. Several electronic aids and documents were confiscated as evidence of the accused, which have been found to have connections with international fraudulent networks.
The accused persons were transferred to the local court after production at the local court. The police intensify further investigations of the alleged rocket, the sources said.
Published – 17th August 2025 17:49
