KASARGOD: Kasaragod police arrested a key accused in the multi-crore pyramid scheme run through an Android app called My Club Trades (MCT). Muhammed Faisal, 32, the third accused in the case, was arrested as soon as he landed in Bengaluru from a Gulf country, said Kasaragod DySP P Balakrishnan Nair.
He had fled the country soon after Manjeshwar police registered a case of cheating in May 2021. My Club Trades or MCT, which its website says has an office in Bangkok, took deposits from people across Kerala, Karnataka, the UAE and in Thailand by promising preposterous returns of 264% to 475% in a year, he said.
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