Kochi: Man arrested for duping diamond merchant

KOCHI: Central police on Monday arrested a 28-year-old youth who is accused of defrauding a diamond jewellery store owner here of ornaments valued at Rs 2.5 crore from Bengaluru.
Prasanth Nair, who was earlier sacked from Future Lifestyle Fashions Ltd, a retail clothing store chain in Bengaluru where he worked as assistant manager, had used a letterhead of the organization to forge a fake MoU to buy 99 diamond ornaments on a 45-day credit.Nair had also made a fake email ID and seals of the retail chain to send unique transaction register (UTR) codes to the jeweller. The fraud came to light when the jeweller contacted the company after they failed to receive the money.
A police team headed by Vipindas arrested Nair from Bengaluru and also recovered three fourth of the ornaments from his home. The accused sold off the rest of the ornaments in Mumbai.