NRI Loses Rs 2.11 Cr in Keralam 'Forex Trading Scam'

An NRI from Kunnathunadu here lost over Rs 2.11 crore in an online forex trading fraud after being lured into investing through a fake trading platform, police said on Thursday.

The Ernakulam Rural Cyber Crime Police registered a case on Wednesday based on a complaint filed by a friend of the NRI, who is currently residing in the US.

According to police, the 41-year-old NRI came across a website link for 'Handtec Markets' on the internet, which led to him being added



to a Telegram group.

The accused later shared another link claiming to be that of 'Handtec Markets Global LTD', which redirected him to a fake forex trading website, police said.

The victim was allegedly guided by the fraudsters via Telegram and asked to log in using credentials they provided.

He subsequently transferred money from his bank accounts to various accounts specified by the accused on several occasions since October 2025, police said.