Police nab prime suspect in Kerala girl's trolling case
Kochi, July 28 : The Kerala Police on Saturday took into custody a person alleged to have been the key tormentor of a 19-year-old Kerala student, who was trolled on the social media for selling fish after college hours.
Noorudeen Sheikh is being questioned and a First Information Report has been registered against him, a police officer said. He has been booked under various sections of the IT Act, besides provisions attracting non-bailable offences.
Hanan Hamid, a final year graduate student of Chemistry studying in a college near here had attracted attention after it came to light that she was eking out a livelihood by selling fish and also doing odd jobs as a junior artiste in films.
All Hamid was doing was trying to take care of an ailing mother, who has been separated from her husband.
It was Sheikh who had first taken selfies with Hamid when he came to know of her struggles. Later, however, he went hammer and tongs against her and posted the pictures questioning her condition, after she was also seen in a few pictures with superstar Mohanlal.
Soon Sheikh's post went viral and Hamid was slammed as "a fake and doing all she did only to impress to superstar Mohanlal to land a role with his son Pranav Mohanlal in an upcoming film.
Speaking to the media, after hearing his arrest, Hamid said she is very happy to hear the news.
"Now I have realised that with the support I am getting from the government and my college, I have now got so many guardians," said Hamid.
The police, keeping track of the social media posts, have said more people who have abused the college girl would also face consequences.
It was after Chief Minister Pinarayi Vijayan's Facebook post supporting Hamid on Friday that the police registered a case against the cyber bullies.
On Saturday, Vijayan speaking to reporters here said: "The thump rule for those on the social media is to be careful with their statements."
The Left has also come out in support of Hamid as also the women's commission.
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SEBI must name 'big players' profiteering at expense of small traders in F&O trading: Rahul Gandhi
New Delhi, Sep 24: Congress leader Rahul Gandhi on Tuesday said 90 per cent of small investors have lost Rs 1.8 lakh crore in Futures and Option (F&O) trading in three years and asked the SEBI to reveal the names of the "so called big players" profiteering at their expense.
More than 91 per cent, or 73 lakh, individual traders lost money in the F&O segment in FY24 with an average net loss of Rs 1.2 lakh per person, a study conducted by markets regulator Securities and Exchange Board of India (SEBI) revealed on Monday.
Further, 93 per cent of over 1 crore individual F&O traders incurred average losses of about Rs 2 lakh per trader (inclusive of transaction costs) during the three years from FY22 to FY24. The aggregate losses of such traders exceeded Rs 1.8 lakh crore during the period.
Gandhi, who is the leader of the Opposition in the Lok Sabha, said on X, "Uncontrolled F&O trading has grown 45X in 5 years. 90% of small investors have lost ₹1.8 lakh Cr in 3 years."
"SEBI must reveal the names of the so called 'Big Players' making a killing at their expense," the former Congress chief said.
The study said in FY24 alone, individuals incurred about Rs 75,000 crore in net losses.
It found the top 3.5 per cent of loss-makers -- about 4 lakh traders -- faced an average loss of Rs 28 lakh per person over the same period, inclusive of transaction costs.
On the other hand, only 7.2 per cent of individual F&O traders made a profit over the period of three years and only 1 per cent of individual traders managed to earn profits exceeding Rs 1 lakh, after adjusting for transaction costs.
Moreover, the number of retail traders, or individual traders, has almost doubled in two years to about 96 lakh in FY24 from about 51 lakh in FY22.
Although such investors contributed about 30 per cent to the total turnover in FY24, they are a clear majority in number terms, as 99.8 per cent of total traders in the equity F&O segment are individuals.
"The availability of sophisticated trading platforms and lower transaction costs have enabled retail investors to actively trade in options and futures contracts, contributing to the surge in market liquidity," SEBI said.
The regulator said rapid growth in F&O trading activity has highlighted the need for investor education and risk management practices, as a significant proportion of retail traders continued to incur losses in the market.
Uncontrolled F&O trading has grown 45x in 5 years.
— Rahul Gandhi (@RahulGandhi) September 24, 2024
90% of small investors have lost ₹1.8 lakh Cr in 3 years.
SEBI must reveal the names of the so called “Big Players“ making a killing at their expense.
