A city-based businessman, who lost ₹24.76 crore in an alleged cyber fraud, lost the amount in 96 transactions over two years and five months, the police team probing the case has found. Preliminary investigation has revealed that the victim lost the amount held through 23 bank accounts, District Police Chief (Kochi City) Putta Vimaladitya said here on Wednesday (September 3, 2025).
The officer said the complainant, a resident of Elamkulam in the city, had been asked to submit to the investigators all information related to the alleged cyber fraud. He told the media that a special investigation team was being formed to probe the case. Deputy Commissioner (Law and Order) Juvvanapudi Mahesh will be heading the investigation, it is learnt.
The first information report (FIR) was registered by the Kochi City cyber police on Monday (September 1, 2025) evening. According to the FIR, the accused contacted the victim over phone and chat and convinced him to engage in stock trading through a website promising high returns. The victim reportedly continued investing as high returns appeared in his account on the website. However, he realised that he had been duped when he could not withdraw either the ‘returns’ or his original investments, the police said.
Published – September 04, 2025 01:06 am IST
