The Hill Palace police arrested two youths in connection with an alleged online stock trading scam in which a Thiruvankulam-based businessman reportedly lost nearly ₹1.08 crore.

The accused, Adil Meeran, 23, of Pothanikkad and Mohammed Yasin, 22, of Thodupuzha, were arrested on Monday night. The duo were arrested after the police found that their bank accounts were among those used to allegedly route the complainant’s money.