Country's biggest online trading scam: Kollam native woman arrested for Capitalix fraud worth Rs 25 crore

KOCHI: Kollam native G Sujitha, who was arrested in one of the country's biggest online trading scams, 'Capitalix', has been remanded. This is the first arrest in the case. She was arrested on Tuesday. More arrests are expected in the coming days.

The arrest was based on the discovery that about three lakh rupees of the swindled money had reached Sujitha's Palarivattom bank account and was then transferred to a foreign account. Sujitha had charged a commission for this.

The owner of a pharmaceutical company, a native of Kochi, lost Rs 25 crore. The fraud was in the name of California-based Capitalix Trading Company, promising high profits. The investigation focused on Daniel, a Malayali who trapped the businessman. She will be taken into custody and questioned in detail. The police have received information about the other accused. The complainant lost a huge amount in 96 transactions through three banks from March 2023 to 2025. A special team of the Kochi City Police is investigating the case.

Cyprus as nucleus

The police had found that the stolen money was transferred to various bank accounts in India. Rs. 1.5 crore was returned to the complainant as a profit in the first phase of the scam. 25 crore was invested because the scammers had gained trust through this. The police concluded that the fraud was planned in the country of Cyprus.