Man from Tiruvannnamalai arrested for investment scam

The City Police arrested a man in connection with an online investment scam and cheating ₹12 lakh. According to police, S. Philip Moses, 49, a resident of Venkateswara Nagar, Kolathur, lodged a complaint stating that he had been cheated of ₹12.04 lakh in a WhatsApp-based IPO investment group. Between September 1 and 30, he had transferred the money through 12 transactions to various bank accounts provided by individuals who guided him in the group. Based on his complaint, a case was registered at the West Zone Cyber Crime Police Station, and an investigation was launched. During the probe, police identified one of the suspects as Rajasekaran, 48, from Tiruvannamalai district. He had opened a bank account in Axis Bank in his name and handed it over to cyber fraudsters for a commission. Further investigation revealed that over ₹7 crore had been transacted through this account, and around 40 related complaints had been registered across India on the National Cybercrime Reporting Portal (NCRP) linked to the account. Rajasekaran had earlier been arrested by the Thoothukudi District Cyber Crime Police in another case on October 13 and was lodged in the Thoothukudi District Jail. He was formally arrested in this case as well, produced before the Saidapet Magistrate Court on October 31 and remanded back to judicial custody at Thoothukudi District Jail.