Goa, June 7 -- Goa Cyber Crime Police have arrested a man from Kozhikode, Kerala, in connection with a massive Rs.4.23 crore investment and trading fraud targeting a resident of Corlim, Tiswadi.

According to police, fraudsters posed as representatives of a trading platform called "Citadel Security" and convinced the victim to invest through a fake mobile application of the same name. The accused allegedly promised high returns from IPOs and stock market trades, inducing the complainant to transfer Rs.4.23 crore.

Following a detailed technical and financial investigation, cyber police traced one of the suspects to Kerala. Investigators found that Rs.27 lakh had been routed through the accused's bank account before being transferred to ot...