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The deceased is Soumya (45), a resident of Christopher Nagar in Ollur.
Tajuddeen was arrested on suspicion that he resembled the person captured in CCTV footage related to a chain snatching incident.
Police have so far tracked eight cases of cheating against the accused.
Two persons injured while blocking the attack on the deceased.
The duo murdered Kunjaminia (60) and fled with her gold ornaments on April 30, 2016.
Chandrashekhar was found murdered in a pit dug for installing a lift.
A 65-year-old taxi driver named Balan was allegedly assaulted.
Brucepet Police Station has registered a case, and an investigation is underway.
The acquittal comes seven years after Singh and three others were convicted in 2019 for the journalist's killing.
Most of the defaulters were employees of the Kuwaiti Ministry of Health, according to the banks.
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