Krishna Raj and Swetha Babu. (Photo | Express)
Kochi

Kerala couple arrested for extorting crores from Infopark IT company owner

The couple were apprehended by the Ernakulam Central police following a complaint filed by Venugopal, the company’s owner.

Express News Service

KOCHI: A couple accused of extorting money from the owner of an IT company operating at Infopark, Kakkanad, by threatening to spread defamatory allegations and implicate him in a fabricated sexual assault case were arrested on Tuesday.

The arrested are Swetha Babu, a former employee of the company, and her partner Krishna Raj, a resident of Chavakkad, Thrissur. They were apprehended by the Ernakulam Central police following a complaint filed by Venugopal, the company’s owner.

The duo fraudulently withdrew Rs 50,000 from Venugopal’s account and forced him into handing over signed cheque leaves and agreement papers, said a source with Kochi city police.

After transferring Rs 50,000 from Venugopal’s account, on the next day, they summoned two of the complainant’s associates, including company director Bimal Raj, to a hotel and demanded Rs 30 crore.

Here, the accused forced Venugopal to sign documents. Of the total demand, `10 crore was transferred to Krishna Raj’s bank account immediately, while the remaining `20 crore was to be paid through two post-dated cheques.

How worrisome is President Trump's challenge to the US Fed Chair?

60 J&K students, pilgrims stranded in Iran to arrive in Delhi on two midnight flights

BJP, Shinde Sena wrest BMC as Thackeray cousins fail to hold Mumbai fort

Rajasthan Congress alleges targeted voter deletions in SIR due to BJP pressure; EC extends deadline

When dust settles on the shadow war waged in Iran

SCROLL FOR NEXT