Daijiworld Media Network – Udupi

Udupi, Mar 22: A shocking online fraud has come to light in Udupi, where a woman reportedly lost Rs 11.75 lac after investing through a trading app. The case has been registered at the Udupi CEN Crime police station.

The victim, Sahana, had downloaded the app to learn more about trading. About 15 days later, she received a call from an unknown individual who added her to a WhatsApp group.

In the group, she was sent a link and instructed to fill in her KYC (Know Your Customer) details, the police said.

Following the directions of the accused regarding trading, Sahana transferred a total of Rs 11,75,000 in instalments to the bank accounts provided by the fraudsters between March 6 and March 14.

However, despite the transfers, the accused have neither returned the money nor paid any promised returns, effectively cheating Sahana, police added.

Officials have warned the public to exercise caution while dealing with trading apps and online investment platforms, and to report any suspicious activity immediately.