Tue Feb 03 19:10:34 UTC 2026: # Kerala Man Duped of ₹1.21 Crore in Online Share Trading Scam
The Story:
Hill Palace police in Kochi have registered a case on Tuesday, February 3, 2026, regarding a cyber financial fraud where a 53-year-old man from Choorakkad was allegedly swindled out of ₹1.21 crore. The victim was purportedly convinced by Kusikh Ketharam, Vrithika Anand, and Sarbari Saha to invest in online share trading with promises of substantial returns.
The first information report indicates that the money was transferred in multiple transactions from two bank accounts between November 21, 2025, and January 14, 2026. The accused face charges under the Bharatiya Nyaya Sanhita and the Information Technology Act for alleged cheating.
- Key Points:
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A 53-year-old man was duped of ₹1.21 crore in an online share trading scam.
- The incident occurred in Choorakkad, Kochi.
- The accused are Kusikh Ketharam, Vrithika Anand, and Sarbari Saha.
- The fraudulent transactions took place between November 21, 2025, and January 14, 2026.
- The case is registered under the Bharatiya Nyaya Sanhita and the Information Technology Act.
Critical Analysis:
The provided historical context reveals a disturbing trend of increasing financial fraud across India. Specifically, the frequency and scale of these scams appear to be escalating, with victims losing significant sums of money. The mention of “digital arrest” in a previous case suggests increasingly sophisticated techniques are being employed by perpetrators.
Key Takeaways:
- Cyber financial fraud is a growing problem in India.
- Scammers are using increasingly sophisticated methods to deceive victims.
- The amounts of money being stolen in these scams are substantial.
- Awareness and vigilance regarding online investment schemes are crucial for the public.
Impact Analysis:
The escalating trend of cyber financial fraud has significant long-term implications. It erodes public trust in online investment platforms and digital financial services. The psychological and financial impact on victims can be devastating, potentially leading to long-term economic hardship and emotional distress. Increased law enforcement efforts, public awareness campaigns, and stricter regulations are necessary to combat this growing threat and safeguard the financial well-being of citizens.
First Piper 