More than 1 crore reaches student's bank account; two arrested for duping Viyyur native of Rs 1.24 crore

THRISSUR: The Crime Branch has nabbed two accused who swindled over Rs 1 crore through the bank account of a student. The accused were arrested for swindling over Rs 1 crore from a Viyyur native after falsely promising returns of over 500% if money was invested through share trading. The arrested persons are Malappuram Kottanchal native Muhammad Faisal (26) and Vengara native Khader Shareef (37). It was found that the accused used the bank account of a student to commit the fraud. The incident took place in April.

Pretending to be a franchisee of CINV company, the accused gained the Viyyur native's trust by discussing share trading and conducting online classes. They assured a 500% profit and deceived the victim into handing over Rs. 1.24 crore in multiple transactions. After realizing it was a scam, the victim filed a complaint with the police. The investigation revealed that the accused, Mohammed Faisal, had transferred the money into the bank account of his friend, a female student.

The case was subsequently transferred to the City Crime Branch for further investigation. Following the investigation, the accused were arrested.