Daijiworld Media Release – Udupi (TP)
Udupi, Sep 6: The Udupi police have arrested another individual in connection with an online trading fraud case, seizing Rs 80,000 in cash from the accused.
The arrested individual, identified as Ajmal Suhail (19), a resident of Kozhikode, Kerala, was apprehended with Rs 80,000 recovered from him.
According to the complaint filed by Upendra Ambalapadi from Udupi, he was contacted by unknown individuals who added him to a WhatsApp group under the name "Motilal Oswal Private Limited Management Group." He was provided with an account VIP-203-845 for purported trading activities.
The complainant received information about trading and dividends through WhatsApp messages from the numbers 7842874635 and 6391854496. Trusting the group, he expressed interest in receiving higher dividends and subsequently deposited a total of Rs 33,10,000. However, after the deposit, the promised returns and the initial investment were not provided, leading to the fraud.
So far, the police have arrested four individuals in connection with the scam and seized Rs 13,00,000 in cash. The investigation, conducted by the Udupi South Police Station, remains ongoing. Ajmal Suhail is the latest suspect identified and arrested, with Rs 80,000 confiscated from his bank account.
The authorities are continuing their efforts to gather more information and apprehend additional accused involved in the fraud.