The Kunnamangalam police have arrested two main accused, including a Mumbai native, in connection with an online money-chain fraud case.
Sumith Raj Sinha, 39, and Sunil Kumar, 42, of Kannur were arrested by a police team led by Kunnamangalam sub-inspector S. Sajeev.
The police said the duo pocketed huge sums from various parts of Kerala by operating a money chain in the name of an online magazine headquartered in Mumbai. Sumith Raj, the first accused in the case, was taken into custody from Mumbai on April 17. His close aide Sunil Kumar was nabbed from Kannur on April 20.
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Both of them were produced before the Chief Judicial Magistrate Court in Kozhikode and have been remanded in judicial custody for 14 days
The police said the duo enrolled many investors by offering them huge returns in the money chain model.
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The other financial deals carried out by them could be brought to light only after getting more complaints from duped persons in other parts of Kerala, the police said.