Four held for defrauding Theni bizman of Rs 88 lakh

MADURAI: A 29-year-old man from Theni city lost Rs 88 lakh to cyber fraudsters, who lured him to invest in cryptocurrency. The cybercrime police arrested four accused in this connection and remanded them to custody on Saturday.

The accused were arrested as R Yuvaraj (33), S Padmanaban (32), S Siva (30) and C Nandagopal (30) on charges of cheating a businessman of Rs 88 lakh. The police seized Rs 3.9 lakh, six mobile phones, 29 debit cards, 18 cheque books and 46 SIM cards from the accused.