In a significant development in an ongoing financial fraud investigation, Chandrashekharan, 49, the prime accused in a Rs53 lakh investment scam, has been arrested from Ganeshapuram in Namakkal, Tamil Nadu.
The operation was carried out by the Thrissur East police, under the leadership of Assistant Commissioner Saleesh N. Shankaran, and directed by Thrissur City Police Commissioner R. Ilanko.
Chandrashekharan had allegedly defrauded several victims by offering lucrative returns on fake investment schemes, only to disappear after collecting large sums of money. The scam came to light following multiple complaints filed by investors who were promised high returns but received none.
He is currently in police custody, and further investigations are underway to determine the scale of the fraud and whether additional individuals were involved in the operation.
