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.
2 outlets in our directory ran this story, first to last over 11 hours. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ ED arrests Heera group chief in ₹3k-cr fraud case — Hindustan Times — Top
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| Original publisher | The Hindu — Top |
| Canonical URL | https://www.thehindu.com/news/national/kerala/one-arrested-in-119-crore-online-trading-fraud-case/article71011585.ece |
| Publication time | Fri, 22 May 2026 20:45:16 +0530 |
| Retrieval time | 2026-05-22T15:22:02.416Z |
| Last seen | 2026-05-22T15:22:02.416Z |
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| Summary source text | contentText |
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| Cluster | L4vzWL1jTRen · 3 stories |
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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.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
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