Two women held for online trading fraud 

The Muthialpet police has arrested two women for cheating ₹88 lakh from an individual by promising high returns, through online trading. 

According to police, Rohit Kim, 37, a resident of Virugambakkam, is working as a Mutual Fund Senior Manager in a private bank.

In February 2023, he was introduced to Rajasekar, who lured him with promises of high profits through online trading. Though Rohit Kim initially declined, Rajasekar, along with his mother Indira and wife Pavithra, gained his confidence and assured him of safe returns.

Based on this, Rohit Kim transferred ₹4 lakh to their bank account in February 2023. A few days later, they claimed profits and returned ₹5.07 lakh to him.

Later, claiming that the company was earning huge profits and that higher investment would fetch higher returns, they induced him to invest again. Trusting them, Rohit Kim handed over ₹88 lakh to Rajasekar in June 2023.

However, the accused neither paid the promised returns nor refunded the money and subsequently went on a run.

Police arrested Rajasekar of Mannadi in April last year. Now, the police arrested the accused, Pavithra, 28, of Jafferkhanpet, and Indira, 51, of Mannadi, who were on the run.