A 70-year-old retired woman from Palavakkam was defrauded of Rs 2.5 crore in an online trading scam through the fake investment platform HEM-Securities. Attracted by advertisements promising high returns, she invested between November 2024 and January 2025. However, when she tried to withdraw her funds, the platform blocked her request and demanded additional deposits.
Following her complaint in August, the Cyber Crime Wing of the Central Crime Branch (CCB) traced the money to several mule accounts, including one linked to a Tiruppur hotel. Two men allegedly involved in providing these accounts, Jeyaraj (32) from Tiruppur and Ramkumar (32) from Thoothukudi, were arrested and sent to judicial custody.
During the investigation, police seized mobile phones, bank passbooks, cheque books, ATM cards, and identity documents. Preliminary findings suggest the accused had opened multiple accounts across states for cybercrime groups, many connected to cases registered on the NCRP portal.
Authorities are now searching for the prime suspects behind the scam and have urged the public to remain cautious, avoiding fraudulent trading apps and websites.
