The Ernakulam Rural police have arrested Prakash Eerappa, a 49-year-old resident of Gulbarga, Karnataka, on September 29 (Sunday) in connection with a Rs11.50 lakh fraud case. Eerappa is accused of defrauding a native of Kizhakkambalam by promising massive returns through online trading.
Eerappa, who allegedly posed as the head of a private company’s share marketing division, established trust with the victim through consistent communication via social media and WhatsApp calls. The victim invested a significant sum based on these promises, only to have Eerappa and his gang cut off all communication after the investment was made. When the victim requested the return of his money and profits, his number was blocked, prompting him to approach the police.
Eerappa was arrested by the Thadiyittaparambu police, and further investigations are underway to apprehend other members of the fraud operation.