Malayalam telefilm producer Prasad Balan arrested in cyber fraud case
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Bhubaneswar (By Abhishek Mohanty): The Cyber Police in Bhubaneswar arrested Malayalam telefilm producer and actor Prasad Balan in connection with an inter-state cyber fraud case.
A complaint was filed in Bhubaneswar accusing him of defrauding more than Rs 54 lakh.
Basing on the complaint, the Cyber Police with the help of Kerala Police conducted an operation and nabbed Kichu from Kerala.
Multiple bank passbooks, PAN cards and passports were seized from him.
Kichu was involved in a series of online frauds conducted through fake trading apps. He allegedly posed as a film producer and used this identity to lure people into fake investment schemes through virtual gold bidding platforms. He also ran advertisements offering part-time jobs.
The money defrauded from the people was used to fund his ventures in the film and entertainment industry.
Police suspect that he operated similar scams in ten states across India.
