THIRUVANANTHAPURAM: The Nedumangadu police on Saturday, October 23, 2021, arrested a 31-year-old man for allegedly swindling Rs 4 crore from the public. Jithin J of Nedumangadu was arrested from Vattappara by a team led by ASP Raj Prasad. Jithin allegedly duped the public by offering them 2-18% interest for their investments.
He told investors that they would be made partners in his business. Jithin reportedly started his business by 2017. Later he began inviting people to invest in his firm. The police said Jithin made the investors believe that he had business operations in Dubai, Singapore, Delhi, Mumbai and other cities. The police said Jithin received investments ranging from Rs 1 lakh to Rs 45 lakh. As Jithin defaulted in his payments, the investors filed a complaint.