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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Youth loses Rs. 6 lakh to fraudsters

Mysuru: A youth, who was allegedly lured with the offer of high returns on investment, invested several lakhs of rupees in a company, eventually to be cheated. According to a complaint lodged…

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Published January 17, 2025 · 1 min read
youth loses rs. 6 lakh to frau

Mysuru: A youth, who was allegedly lured with the offer of high returns on investment, invested several lakhs of rupees in a company, eventually to be cheated.

According to a complaint lodged at Cyber, Economic and Narcotics Crime (CEN) Police Station in city, the victim residing at Aravinda Nagar in the city, had invested Rs. 6,06,211 in various stages. He had received a message from one Kashish, and his number was added to a WhatsApp group named - India. The messages related to investment in stock market and stock market analysis were shared in that group. The information related to second phase of investment was also shared in the group, with assured returns of 10 times more on the invested amount.

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