M'luru: Trio of online frauds – Over Rs 50 lac lost to job loss, stock & currency trading scams


Daijiworld Media Network- Mangaluru

Mangaluru, May 20: In a disturbing trend that underlines the growing threat of cyber frauds in the region, the Mangaluru city police have registered three separate cases at the South (CEN) police station, with a combined financial loss of over Rs 50 lac.

The frauds, ranging from fake work-from-home offers to investment scams in the stock market and currency trading, have once again raised concerns over increasing online deceit.

In the first case, a local resident fell prey to a fake work-from-home job offer that originated from an Instagram link and was routed through WhatsApp. The victim was instructed to join Telegram and follow an individual named Akhil, who initially lured the complainant with a return of Rs 2,000 on an investment of just Rs 500. Encouraged by this, the victim invested a total of Rs 6.50 lac in phases. However, the fraudsters soon stopped all communication and refused to return the investment or the promised profit.


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In the second incident, a man was duped of a staggering Rs 30.55 lac after coming across a Facebook advertisement promoting high returns through stock market investments. After joining via a WhatsApp link, the complainant was contacted by a woman identifying herself as Saujanya Gill. She, along with a man named Milan Pareek, allegedly guided and motivated the victim to invest, even creating a trading account in his name. Despite multiple investments from various accounts, the victim was denied withdrawals and profits. Suspecting foul play, the victim’s family intervened, and the matter was brought to the attention of the authorities.

In the third case, another individual was cheated of Rs 13.57 lac in the name of currency trading. The complainant, while browsing for herbal products, landed on a Telegram channel and was contacted by a woman named Sanvi Shetty. She introduced him to a trading platform, initially offering a small return to gain his trust. Encouraged by the returns, the victim went on to invest lacs in multiple installments. Ultimately, he was unable to recover his money, realizing too late that it was a well-orchestrated scam.

Police have launched an investigation into all three incidents and have urged the public to remain cautious about online advertisements and investment opportunities.

Citizens are also advised to verify the authenticity of such offers before sharing personal or financial details. Authorities have also stressed the need for increased cyber awareness to prevent such crimes in the future.

 

How to stay safe?

Vigilance is the key to avoiding such scams. If you receive such calls, never fall for the trap. Remember, police officials never initiate cases online or ask for money.

Most importantly, the term “digital arrest” is fabricated by scammers and does not exist in Indian law. If someone threatens you with it, it is undoubtedly a scam.

Additionally, never share bank details, OTPs, or other sensitive information over phone calls or messages, regardless of the caller’s claims. If you suspect a scam, report it to the authorities and your bank immediately. Quick action can help prevent further losses.

 

 

  

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Comment on this article

  • Indian, Bengaluru

    Tue, May 20 2025

    I recieve lots of such calls. Message them saying i am not interested in donating, business deals, credit cards, discount offers, share market details, correspondence courses, etc. Then, block them. Game over.

    DisAgree Agree [1] Reply Report Abuse

  • Kiran Poojary, Mangaluru/Bengaluru

    Tue, May 20 2025

    I also get these kind of telephone calls. I will start speaking in Kannada or Tulu. They will simply disconnect.

    DisAgree Agree [8] Reply Report Abuse


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Title: M'luru: Trio of online frauds – Over Rs 50 lac lost to job loss, stock & currency trading scams



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