Archive · 11 Aug 2025
Kerala Doctor Duped in Rs 4.43 Crore Online Trading Fraud
A doctor in Kerala was tricked out of a lot of money, about 4.43 crore rupees, by a fake online trading scheme.
People pretending to be financial experts contacted the doctor via WhatsApp promising big returns if he invested in their platform.
The doctor invested money into various bank accounts believing he was making profit, but the platform was fake.
The police caught two people in Chennai involved in the scheme and are looking into where the money went.
Part of the money was moved out of the country.
Kerala police arrested two men in Chennai for a 4.43 crore online trading fraud.
The victim, a doctor in Kannur, was lured into a WhatsApp group promising investment returns.
The fraudsters operated through a fake trading platform using a company named 'Upstock'.
The police traced funds to the accused's accounts and detected 18 additional accounts.
A portion of the money was transferred abroad, and the police are investigating further.
- Who
- Kerala Police, Mehbubasha Farooq, Rijaz, and a doctor from Kannur.
- What
- Two men were arrested for defrauding a doctor in Kerala of Rs 4.43 crore in an online trading scam.
- When
- The arrests were made recently, with the fraud taking place in June.
- Where
- Chennai, with the victim in Kannur, Kerala.
- Why
- The fraudsters lured the victim with promises of high returns on investments in a fake trading platform.
- Victim
- A doctor from Kannur
- Amount of Fraud
- Rs 4.43 crore
- Accused
- Mehbubasha Farooq and Rijaz
- Location of Arrest
- Chennai
- Modus Operandi
- WhatsApp group, fake trading platform
- Fake Company Name
- Upstock
- Involved Agency
- Kerala Police Cyber Crime Unit
