Two lose nearly ₹1 crore in separate online trading frauds in Keralam’s Kozhikode

Kozhikode In two separate incidents of cyber fraud, a homemaker from Kodanchery and a farmer from Thiruvambadi, both in Kozhikode district of Keralam, lost ₹49.20 lakh and ₹49.10 lakh, respectively, after being lured into fake online trading schemes. The Cyber Crime Police and the Thiruvambadi Police have registered cases and launched a joint investigation.

According to the police, the person from Kodanchery fell prey to a fraudulent investment scheme after being persuaded by a morphed video featuring Union Minister Nirmala Sitharaman on Facebook. The scammers convinced her that substantial financial returns could be generated through online trading.