A woman accused of cheating numerous people through online trading schemes promising high returns was apprehended upon her return to Kochi from abroad. Victims nabbed her at the airport and handed her to Coimbatore police.
Coimbatore: In a dramatic showdown, Madhumitha, a 32-year-old from Coimbatore's Pannimadai area, was arrested last night after being accused of a multimillion-rupee online trading scam. She allegedly convinced former classmates and acquaintances to invest in her online trading business, promising substantial monthly returns. However, after collecting millions, she reportedly absconded, leading to her arrest upon return from abroad.
Madhumitha had initially paid small sums as supposed profits to her investors but soon declared business losses and stalled further payments. Nearly one and a half years after her disappearance, news surfaced that she was located in Dubai, leading to her rapid extradition back to Kerala when local investors informed about her whereabouts.
Last night, around twenty victims forcibly detained her at Kochi airport and transported her to Coimbatore, directly delivering her to the city police.
In a statement, the affected investors claimed that Madhumitha had initially given them returns but later delayed further payments and finally absconded. The city's crime division is currently investigating the case, ensuring rigorous follow-up on the numerous complaints filed against her for the alleged financial fraud committed on her online platform, Ventura.
Madhumitha had initially paid small sums as supposed profits to her investors but soon declared business losses and stalled further payments. Nearly one and a half years after her disappearance, news surfaced that she was located in Dubai, leading to her rapid extradition back to Kerala when local investors informed about her whereabouts.
Last night, around twenty victims forcibly detained her at Kochi airport and transported her to Coimbatore, directly delivering her to the city police.
In a statement, the affected investors claimed that Madhumitha had initially given them returns but later delayed further payments and finally absconded. The city's crime division is currently investigating the case, ensuring rigorous follow-up on the numerous complaints filed against her for the alleged financial fraud committed on her online platform, Ventura.