Archive · 7 Nov 2025
Kerala Man Defrauded of Rs 95 Lakh in Online Gold Trading Scam
Imagine someone promises you can make lots of money by trading gold online.
A teacher in Kerala was told he could get 60% profit from gold trading.
He believed them and sent them a lot of money, about 95 lakh rupees, bit by bit.
But it turned out to be a trick!
When they asked for even more money, the teacher realized he was scammed.
He told the police, and they caught two young men who were part of this scam.
These men were using fake bank accounts, and the police are looking for other people involved.
The police found many ATM cards and checkbooks with them.
Two suspects arrested in Malappuram, Kerala, for an online gold trading scam totaling Rs 95 lakh.
A school teacher was defrauded after being promised 60% profit from gold trading via WhatsApp.
The victim transferred money in multiple installments to various bank accounts.
The arrested individuals, Muhammad Aslam and Muhammad Afsal, were part of a larger cyber fraud network using rented bank accounts.
Police recovered incriminating items including ATM cards, cheque books, and passbooks from the accused.
- Who
- Cyber Crime Police in Malappuram, Kerala; two suspects, Muhammad Aslam and Muhammad Afsal; a school teacher (victim)
- What
- Arrest of two individuals involved in a Rs 95 lakh online gold trading fraud.
- When
- Not specified in the article, but arrests have been made following a complaint.
- Where
- Malappuram, Kerala
- Why
- Victim was duped by promises of high returns (60% profit) in online gold trading.
- Fraud Amount
- Rs 95 lakh
- Promised Profit
- 60%
- Modus Operandi
- Online gold trading scam via WhatsApp
- Arrested Suspects
- Muhammad Aslam (20), Muhammad Afsal (20)
- Recovered Items
- 15 ATM cards, 15 cheque books, 11 passbooks, Rs 10,400 cash