The Kozhikode City cyber police have arrested a 27-year-old man in connection with an alleged ₹50-lakh cyber fraud in which scammers impersonated the managing director of a private company and tricked its accountant into transferring funds through Real Time Gross Settlement (RTGS).The accused, identified as Mohammed Nayeem, a native of Pokkunnu, was arrested within 48 hours of the registration of the case by the cyber police. Police sources said he had received, withdrawn and used a portion of the money fraudulently diverted from the company’s account.According to the investigation team, the scammers created a fake WhatsApp account using the name and profile picture of the company’s managing director. Believing the instructions to be genuine, the company’s accountant transferred ₹50 lakh from the firm’s bank account through RTGS.The alleged fraud came to light after the complainant alerted the National Cyber Crime Helpline (1930), following which a case was registered. Investigators examined the transaction details and traced the money trail to a private bank account into which ₹5 lakh had been transferred as part of the second layer of the laundering process.The police said bank records and related digital evidence revealed that the amount had been credited to Mr. Nayeem’s account and withdrawn through a cheque on the same day. He was subsequently tracked using technical evidence, arrested on Friday (July 3, 2026), and produced before the court, which remanded him to judicial custody.The investigation is being conducted under the supervision of District Police Chief (Kozhikode City) A.P. Shoukath Ali, Deputy Commissioner of Police Padam Singh, Assistant Commissioner of Police (Cyber Crime) S.M. Pradeep Kumar, and Inspector M.V. Sreedas.Police sources said efforts were under way to identify other members of the scam network, recover the remaining funds, and establish the complete money trail. Following the incident, the District Police Chief also issued an advisory cautioning business firms against acting on financial instructions received through WhatsApp or other messaging platforms without independently verifying them with the official concerned through a known telephone number. Published - July 03, 2026 11:30 pm IST