Fraudster on run for 11 years held in Kerala

KOCHI: A man who was on the run for 11 years after defrauding a couple by promising them a job at a pharmaceutical company was arrested on Friday. Jayakumar, 45, a native of Maradu, was apprehended by the Thadiyittaparambu police.

The case dates back to 2012 when Jayakumar and his associates approached Varghese, a resident of Edathala, and promised him a job at a newly-established pharmaceutical wholesale company called Kudajadri Associates in Malayidamthuruthu, Kizhakkambalam, in exchange for money.

Unable to pay the required amount, Varghese had his 12-cent property and house taken over by Jayakumar and his associates.

They then used the documents to secure a loan of `16.5 lakh from a bank, said R Manoj Kumar, the Inspector of Thadiyittaparambu police station. However, the bank eventually seized the property and house after the loan repayments collapsed, he said.

“Following a complaint lodged by the victims, the police initiated an investigation and arrested the accused persons soon after. However, upon getting bail in 2013, they absconded,” said an officer.