Trading scam: Hyd bizman in custody

Kochi: City police probing a Rs 25-crore cyberfraud case on Thursday received Hyderabad-based businessman Satyanarayana Murthy in custody for interrogation. The case pertains to an Ernakulam-based businessman being defrauded of approximately Rs 25 crore through the website Capitallx.com in the name of trading.Police arrested Murthy (36) in connection with the case on May 3. According to police, Murthy, along with another accused, misappropriated Rs 16 crore connected to the scam. The accused was lodged at Ernakulam sub jail following the arrest. The court granted custody of the accused till May 16 for detailed interrogation.The fraud was carried out by luring the victim to invest money for trading through Cyprus-based website Capitallx. Cases were registered against the website in various states across the country, police said. Under the direction of Kochi city commissioner Kaliraj Maharaj, a special investigation team was formed to investigate the case, which recorded one of the highest amounts lost by an individual in the country through cyberfraud. Following the probe, which revealed the involvement of the accused's institution operating out of Hyderabad in the misappropriation of around Rs 16 crore, the cyberpolice team obtained an arrest warrant from the court and reached Hyderabad. Murthy, according to police, owned an IT company and a construction company. He was leading a luxurious life, police said. ASI booked: Ernakulam rural police on Thursday booked an assistant sub-inspector based on the complaint of a woman that he made vulgar and sexually coloured remarks against her during an investigation in June 2023.The allegation is against an ASI working with the Nedumbassery police station.The case was registered under relevant sections of BNS following the direction of a magistrate court after the woman sought judicial intervention.