Three persons from Tiruppur held for cybercrime

Madurai District Police have arrested three persons from Tiruppur district, who rented their bank accounts to cybercriminals, thereby enabling them to swindle ₹11.52 lakh from a Madurai resident on the promise of getting him higher returns by investing in cryptocurrency.

The accused were identified as S. Hariharan, 25, S. Sankar, 35, and R. Parasuram, 29.

A statement said a person from Tiruvedagam was cheated to the tune of ₹11.52 lakh on the lure of higher returns for investments in cryptocurrency through online transaction.

The police arrested the trio from Tiruppur and seized mobile phones, SIM cards and bank passbooks from them.

Inquiry revealed that these accused rented out their bank accounts to cybercriminals for a commission, thereby helping them to get money through online cheating.

Special teams were trying to nab the cybercriminals, the statement added.