Finance firm employee held for ₹1 cr gold fraud in Idukki
According to the police, the fraud began in 2022 and continued for a considerable period.
According to the police, the fraud began in 2022 and continued for a considerable period.
According to the police, the fraud began in 2022 and continued for a considerable period.
Idukki: The Vandanmedu police on Friday arrested a 54-year-old man for allegedly defrauding a private financial firm of ₹1 crore by pledging fake gold ornaments. The accused, identified as Varghese alias Sabu, a native of Anakkara, Vadakkekara, was employed as a Customer Relations Officer at the same firm in Anakkara, Chakkupallam.
According to the police, the fraud began in 2022 and continued for a considerable period. Varghese, who had been working with the company for nine years, is suspected of having orchestrated the scam with the help of a few others.
The arrest followed a complaint filed by the financial institution. Vandanmedu SHO Shine Kumar led the arrest under the supervision of Kattappana DySP Nishadmon. The team comprised SIs Binoy Abraham and Prakash G, ASIs Sreekala S R, James, and Shijo K T, along with CPOs Jaymon and Rajesh Mon.
Varghese was produced before the court and remanded in judicial custody, said Vandanmedu Sub-Inspector Binoy Abraham.