One arrested in ₹1.19-crore online trading fraud case
A 47-year-old man has been arrested in Thiruvananthapuram for his alleged involvement in an online trading fraud that swindled over ₹1.19 crore from a victim. The accused, identified as Ramesh, is suspected to have posed as a representative of a U.K.-based investment company to deceive the complainant. Authorities have urged the public to be cautious of investment schemes promising high returns and to use only SEBI-authorized brokers for trading.
- ▪The accused is a 47-year-old man named Ramesh from Kannadi in Palakkad.
- ▪He allegedly defrauded a Kadakampally native through multiple online transactions.
- ▪The fraud involved convincing the victim to invest in a fake trading platform that promised high returns.
Opening excerpt (first ~120 words) tap to expand
The Thiruvananthapuram City cyber crime police have arrested a 47-year-old man in connection with an online share trading fraud case in which over ₹1.19 crore was allegedly swindled from the victim.The police identified the accused as Ramesh of Kannadi in Palakkad. He is suspected to be the mastermind behind the scam. A Kadakampally native was purportedly defrauded of the large sum through multiple transactions.According to official sources, the fraudsters befriended the complainant through the social media by falsely claiming to represent a reputed U.K.-based investment company.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
