Bihar native arrested for ₹50-crore school project fraud in Keralam
A Bihar native named Ashwani Kumar Singh was arrested in Coimbatore for allegedly defrauding two Kerala businessmen of over ₹10 lakh. The suspect promised a ₹50-crore school project fund before stealing cash from the victims and attempting to flee.
Why it matters
This case illustrates the prevalence of inter-state financial fraud and the effectiveness of cross-border police coordination in India.
A 39-year-old Bihar native has been arrested by the Kollam West police for defrauding two Kozhikode-based businessmen under the pretext of securing funds to establish schools across Keralam. The arrested individual has been identified as Ashwani Kumar Singh, a resident of Senturi Govindam in the Vaishali district of Bihar.
According to police officials, the accused targeted a Kozhikode businessman and his associate by promising to secure a staggering project fund of ₹50 crore to set up educational institutions in various parts of Keralam. Believing his claims, the victims transferred ₹10.25 lakh into Mr. Singh’s bank account as an initial processing fee. To finalise the business agreement and conduct further discussions, Mr. Singh summoned the complainants to a lodge in Kollam, where he was temporarily staying.
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