The Kozhikode Cyber Police charged Ernakulam, who was charged with being a key player in the alleged financial fraud of 1.2 Crore, in which an entrepreneur from the Kozhikode district was allegedly misled in investing in a false online trading platform. The suspect involved Abid was detained after the police analyzed and gathered digital evidence regarding the fund’s transfers against him.
According to police sources, cheating occurred a few months ago after the suspect convinced the entrepreneurs that a well -known business company is launching a STC service that allows public purchases and blocking with regulatory approval. The entrepreneur was then added to the WhatsApp Group and allegedly focused on a fraudulent site that imitated a legitimate trading platform.
The cyber group led by KK Agesh inspector found that the victim transferred the crore of 1.2 GBP in more installments and believed it was doing a legitimate investment. The money was credited for the first time, reportedly held in the name of a company associated with the accused and then moved across several other bank accounts.
According to police sources, more than 50 similar cases were associated with accounts accused across different states. The 42 -year -old man was also found to manage multiple bank accounts and implementing suspicious financial transactions, including the choice of money by OTP received on connected mobile numbers.
The assistant of the sub-inspector T. Biju and the officer of the Mujeeb Civil Police were part of a special team created under the supervision of police commissioner Arnu K. Pavathran and the assistant of the police commissioner (Kozhikode City Cyber) G. Balachandran.
Published – October 10, 2025 21:20
