The cyber police have arrested a Koduvally native who was suspected of operating a financial fraud worth ₹10 crore while reportedly working as an agent for a Chinese company.

Mohammed Jassim, the suspect in the case, was nabbed on a complaint filed by a Koyilandy native who reportedly lost ₹23 lakh.

The police said they zeroed in on Jassim following the arrest of a few Malappuram and Kozhikode natives who were found receiving huge funds from anonymous sources. In a later investigation, it was found that Jassim was handling their ATM cards and pass books to divert funds to the Chinese company, they said.

The cyber police squad also exposed an app which was allegedly circulated among the targeted investors to transfer funds. Jassim was reportedly supervising the fraud fund mobilisation across the country, they said.

Published - June 19, 2025 01:39 am IST