KOZHIKODE — A 63-year-old man from Kozhikode has lost ₹1.41 crore after falling for a fake online video falsely associated with Union Finance Minister Nirmala Sitharaman. The video promoted an investment scheme promising high returns. Cybercrime police have registered a case and launched an investigation.
The complainant, Abdurahiman P, is a resident of Nochad in Naduvannur. Police said he came across the misleading video on Facebook and followed a link shared with it. He then transferred money as instructed by the people behind the alleged scam.
The alleged fraud took place between June 6, 2025, and November 4, 2026. According to the complaint, the victim transferred a total of ₹1.41 crore in 30 transactions from two bank accounts to various accounts.
He approached the police after neither the promised returns nor his investment was returned. Police said he had delayed reporting the matter because he hoped to recover the money. A case has been registered under the Bharatiya Nyaya Sanhita and the Information Technology Act. The suspects have not yet been identified, and the investigation is continuing.
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