In a major breakthrough, Kozhikode cyber police have arrested two individuals, Shahid Khan (52) and Dinesh Kumar Phulvani (48), in connection with a multi-crore online financial fraud. The arrests were made in Madhya Pradesh, where the suspects were found to be involved in fraudulent activities using bank accounts to deposit money obtained through illegal means.
The police action was taken after a detailed investigation by a special squad, led by Inspector K.R. Ranjith, which uncovered bank documents confirming transactions totaling Rs1.5 crore. The suspects were remanded in judicial custody on December 2.
According to police sources, the suspects had used their bank accounts to facilitate the transfer of defrauded money from multiple sources. The investigation revealed that the funds were part of a larger network involved in online financial fraud, impacting several victims.
The arrests are part of an ongoing crackdown on cyber fraud in Kerala, with the authorities determined to bring those responsible for such schemes to justice. Further investigations are underway to uncover additional connections and trace the origins of the defrauded funds.
Both Shahid Khan and Dinesh Kumar Phulvani will face charges under various sections of cybercrime and financial fraud laws. The police are working to identify all the victims and prevent further illegal activities by the involved network.
The successful arrests highlight the growing effectiveness of cybercrime investigations and the efforts of the Kozhikode cyber police in combating online fraud.
