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Online trading: 2 people arrested for defrauding 77.5 lakhs

Kochi
A local of Palarivattam, Rt. Two individuals arrested for extorting 77.5 lakhs from an engineer. The Palarivattam police arrested Abdul Muneer (32) and his relative Kotiyot Mustafa (51) of Mannarkkad at their house in Kalamparam, Palakkad. The seek for co-accused continues.

The fraudsters launched themselves as officers of a number one on-line buying and selling firm. Rt. They met the engineer by means of WhatsApp in August. He purchased Rs 77.5 lakhs from two accounts inside a month, believing that he would get enormous earnings by means of on-line buying and selling. Then this cash was transferred to financial institution accounts in numerous states. Mustafa had opened a brand new checking account with Abdul Muneer to obtain the cash. Six lakh rupees on this account was withdrawn by examine with the assistance of different accused.

The accused had been arrested throughout an investigation carried out on the directions of Kochi Metropolis Police Commissioner Putta Vimaladitya, specializing in checking account holders in Kerala who had been concerned in on-line fraud instances. Ernakulam ACP P Rajkumar, Palarivattam Inspector A Feroze, SIs OS Harishankar, Senior CPOs Suraj, Prashant and Anish arrested the accused from Mannarkat with the assistance of Palakkad police. The accused had been remanded.

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