Alappuzha, Oct. 15 -- A man from Malappuram district has been remanded in connection with an online share trading fraud in which a resident of Kandalloor, Alappuzha, was cheated of Rs 25.5 lakh.
The accused, identified as Musthaq Bakkeer (29), was produced before the Alappuzha Chief Judicial Magistrate (CJM) Court and remanded to judicial custody.
According to police, the complainant was lured through social media by a group of fraudsters posing as representatives of a private share trading company.
They persuaded him to install a fake mobile application for share trading and create an account on it. Acting on their instructions, he transferred money to various bank accounts provided by the accused.
Over two months, the complainant sent...