The Thampanoor police have arrested one person in connection with the case of an alleged investment scam, which is suspected of duping many investors across the state.
Police identified the person as Tara M. hailing from Nemom, who owns a finance company in Thycaud. She was detained from the Bengaluru airport after arriving from abroad. She was arrested in a case in which the firm cheated one person of ₹7 crore, which was invested in various installments on a fixed deposit.
The other accused, KT Thomas, who is the CEO of a private firm, is absconding.
According to the police, the company offered gold loans and fixed deposit schemes. However, the investor has not received returns or repayments for more than a year. The Kattakada police have also registered a charge sheet.
Published – 30 Oct 2025 21:16 IST
