In a dramatic turn of events, well-known choreographer Jai Kumar Nair was arrested at the Chhatrapati Shivaji Maharaj International Airport while attempting to flee to Dubai. This arrest is tied to allegations that Nair defrauded a woman, Dipti Asija, an imitation jewellery dealer, of Rs 20 lakh.
Nair reportedly persuaded Asija to invest in cryptocurrency by promising substantial returns. Initially, Asija invested Rs 6 lakh, followed by an additional Rs 14 lakh, based on Nair’s reassurances. For the first 11 months, she received monthly returns, but the payments abruptly stopped in December 2023. Though there were some minor repayments in January 2024, the situation raised enough concern for Asija to approach the authorities.
In response, the police issued a Look Out Circular (LOC) for Nair. He was caught by Oshiwara police as he tried to check in for a flight to Dubai, marking a significant moment in the investigation. Nair was arrested and brought into custody for further proceedings.
