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Mangaluru: CEN police crack Rs 10 lac stock market fraud, accused arrested

  •   Tue, Dec 24 2024 07:49:28 PM

Daijiworld Media Network - Mangaluru

Mangaluru, Dec 24: A major fraud involving over Rs 10 lac has been uncovered after a complaint was filed at Mangaluru City CEN Crime Police Station.

The case, registered under sections 66(C), 66(D) of the IT Act and 420 IPC, involves an unidentified fraudster who used WhatsApp to lure victims with promises of high returns from stock market investments.

 

The scammer shared a link named "Stock Front Line," convincing the victims to invest, ultimately duping them of Rs 10,84,017 in stages.

Upon investigation, police traced the money to the bank account of Jafar K, 49, from Kerala. The accused was arrested in Kerala on December 23, and brought into custody.

The operation, led by Mangaluru City Police Commissioner Anupam Agrawal IPS and DCPs Siddharth Goel and Ravi Shankar, was spearheaded by ACP Raveesh Naik and police inspector Satish M P at the CEN police station.

The investigation continues as authorities work to track down other suspects involved in the scam.

 

 
  

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Comment on this article

  • cliff, mangalore

    Tue, Dec 24 2024

    Poor fellow could be newcomer in the business, Greed for money easily got trapped unlike his bosses who uses fraudulent sim and docs. It look to me lot of people are involved in scammer business who uses random mobile nos and probably data procured from some sources like third party agencies.

    DisAgree [1] Agree [1] Reply Report Abuse


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