How Did a Former Student Defraud His Teacher of Cash and Gold in Kerala?
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Synopsis
A former student has been arrested for defrauding his teacher of a staggering Rs 27.5 lakh and 21 sovereigns of gold, exploiting their long-standing relationship. This alarming case reveals the depths of betrayal and the urgent need for vigilance in financial dealings.
Key Takeaways
- Trust can be easily exploited.
- Vigilance is essential in financial dealings.
- Fraud can occur even within familiar relationships.
- Authorities are committed to accountability.
- Awareness is key to preventing fraud.
Malappuram, Sep 27 (IANS) A shocking case of fraud has emerged with the apprehension of a former student who deceived his ex-teacher, extracting Rs 27.5 lakh and 21 sovereigns of gold.
The suspect, Neeliyath Varkkal Firoz (51), hailing from Thalakkadathur, Malappuram, was taken into custody alongside his wife Ramlath (45) after an extensive investigation conducted by Parappanangadi Police.
Officials stated that the fraud originated from a coincidental reunion.
Firoz reestablished contact with his former teacher, who had instructed him between 1988 and 1990 during an alumni gathering, rekindling their relationship after 31 years.
Taking advantage of the trust and emotional connection, he soon visited her home with his wife and persuaded her to invest in a fictitious gold business.
Initially, he borrowed Rs 1 lakh, returning only Rs 4,000 as profit. He then acquired another Rs 3 lakh and returned Rs 12,000 in profit share, thereby gaining her trust.
Over time, he amassed funds in several installments, culminating in Rs 27.5 lakh.
As the promised returns ceased, he convinced her to hand over 21 sovereigns of gold under the guise of expanding the business.
Investigations revealed that he pawned and subsequently sold the gold.
After executing the fraud, Firoz vanished, turning off his phone and relocating to Hassan, Karnataka, where he and his wife reportedly enjoyed a lavish lifestyle.
Acting on intelligence, Inspector Vinod Valiyattoor and his team successfully located and arrested the couple.
While Ramlath was released on bail, authorities are still examining her involvement in facilitating the scam.
Officials have called on the public to remain vigilant in financial transactions, even with friends or long-standing acquaintances.
This case has ignited widespread conversations throughout Malappuram, emphasizing how misplaced trust can be ruthlessly exploited.
With Firoz now in custody, investigators are committed to recovering the stolen assets and ensuring accountability, affirming that such deliberate fraud will not go unpunished.
Point of View
It is imperative to highlight the profound implications of this fraud case. It serves as a stark reminder that even long-standing relationships can be vulnerable to betrayal. The nation must advocate for greater vigilance in financial transactions to prevent similar incidents and protect individuals from exploitation.
NationPress
27/09/2025
Frequently Asked Questions
What was the total amount defrauded?
The total amount defrauded was Rs 27.5 lakh and 21 sovereigns of gold.
Who is the main suspect in the case?
The main suspect is Neeliyath Varkkal Firoz, a 51-year-old former student.
How did the fraud scheme begin?
The fraud scheme began with a chance reunion between Firoz and his former teacher at an alumni meet.
What has the police urged the public to do?
The police have urged the public to be cautious in financial dealings, even with acquaintances.
What steps are being taken to recover the embezzled assets?
Investigators are actively working to recover the embezzled assets and ensure accountability.
