A Mangaluru resident lost ₹7.76 lakh to fraudsters who promised him high returns for investment in stocks.
In his complaint to the Mangaluru South police, the victim said he received a link through which he joined M1 DBS Investor Alliance WhatsApp group. Group admin Sumit Singh welcomed the victim and started posting stock tips. Shivani, another group admin, asked the victim to invest money in stocks and ensure it doubled quickly. The victim first transferred ₹10,000 to an account mentioned by fraudsters on November 29. He then transferred ₹50,000 on December 9, followed by a transfer of ₹94,000 on December 10, another ₹50,000 on December 11, ₹.8,000 on December 13, ₹2 lakh on December 17, ₹1.48 lakh on December 23, and ₹2.16 lakh on December 31.
Having failed to get any return for the investment so far, the victim has filed a complaint with Mangaluru South police seeking action against fraudsters.
Published – January 11, 2025 10:02 pm IST