The Thoothukudi Cybercrime Police have arrested A. Ajmal (45), a resident of Malappuram, Kerala, for allegedly defrauding a Thoothukudi resident of Rs 52.11 lakh under the pretext of high returns from the share market.
Ajmal first contacted the victim through WhatsApp, claiming he could help them earn substantial profits by trading in the share market. Initially, the victim invested a sum of money and reportedly received a profit of Rs 4.4 lakh, which led to further trust in the scammer’s promises.
Ajmal convinced the victim to download a fraudulent application called FHT from the website, assuring them of even greater returns. Trusting him, the victim continued to invest, ultimately putting in Rs 52.11 lakh. However, the victim soon realized that the promised profits were never credited, and the principal amount was also missing.
The victim filed a complaint through the National Cybercrime Reporting Portal, which led to a technical investigation. The police traced Ajmal’s whereabouts to Kerala and arrested him. During the interrogation, Ajmal revealed that he had used the same deceptive tactics to scam multiple victims.
Ajmal was subsequently produced before the Magistrate in Peroorani, and has been remanded in district jail. Thoothukudi SP Albert John has urged the public to exercise caution against online advertisements and unauthorized investment applications that promise quick profits.
