Thrissur: Kaipamangalam police have arrested three individuals in connection with a case involving illegal money transactions amounting to lakhs through the bank accounts of youths and college students. The accused are Tajuddin, Ramees, and Abdul Malik, all natives of Kaipamangalam.

According to the police, the accused opened bank accounts in the names of youths and students, claiming that the accounts were needed for trading purposes or to avoid income tax. The trio made transactions amounting lakhs of rupees through these accounts. Later, they withdrew the money through the cheques of the account holders after offering them a small commission in return.

However, many account holders only realized that the money deposited into their accounts had been acquired through fraudulent means after the police took action to freeze the accounts. Authorities in various states have also issued notices to the account holders regarding the illegal transactions.

A police team, including Kaipamangalam Station House Officer M Shajahan, Sub Inspector KS Suraj, Grade Sub Inspector PV Hariharan, and senior-grade CPOs Mohammed Rafi and Mohammed Farooq, arrested the three accused.