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Manikandan, a history sheeter barged into the women's house with the intention of theft, said police.
The child, daughter of a migrant couple in Aluva was abducted from her home while asleep in the wee hours of Thursday.
The survivor and eyewitnesses have identified the suspect from a photograph.
The actor now faces charges including public intoxication, theft (under $100), expired registration, failure to display a driver's license, and violating a promise to appear notice.
Babu hacked Bindu (40), who was sleeping in front of a shop at the Baselius College junction on KK Road at 12:30 am on Saturday
Sabeer Iyyathiyl of Tirur said his brother Suroor and his friend Shahal were arrested after they traded in digital currency tether (USDT) worth around Rs 8 lakh.
Germany's Jan-Lennard Struff has also withdrawn from the final Grand Slam of the year.
The accused replaced the gold chain with an imitation jewellery of the same design to cover up the theft.
According to reports, detergent powder was sprinkled on the premises of the firm, which the cops say was intended to confuse sniffer dogs.
The accused created a WhatsApp account with the image of the company's director and called the financial officer.