Daijiworld Media Network - Udupi (JD)
Udupi, Aug 22: In a significant breakthrough, the Udupi Police have arrested four individuals in connection with an online trading scam and seized Rs 13 lac in cash. The arrests were made by the Udupi Cen Police Station.
The case emerged when Upendra Bhat was deceived by individuals posing as representatives of Motilal Oswal Private Wealth Management Group. They promised high returns and provided a VIP-203-845 account number, convincing him to deposit funds. Enticed by the prospect of substantial profits, Bhat deposited a total of Rs 33.1 lac.
Following the registration of the case, a special team was formed to investigate. The police arrested four suspects: Mohammad Mustafa P (36) of Ammunje House, Kuriya Village, Puttur taluk; Khalid B (39) of Battery House, Kumble, Manjeshwar, Kasaragod; Mohammad Safwan K A (22) of Neerchal Village, Kasaragod; and Satish Shetty (22) of Bijai, Mangaluru.
The police seized five mobile phones and Rs 13 lac in cash from the accused. However, the main masterminds behind the scam are still at large, and the police are continuing their search operations to apprehend them.
The operation was conducted under the guidance of Additional Superintendent of Police Siddalingaiah T S and Parameshwar Hegde, with active involvement from Cen Police Station P I Ramachandra Nayak, ASI Rajesh, and officers H C Praveen Kumar, Arun Kumar, Venkatesh, Yateen Kumar, Raghavendra, Prashant Prasanna, C. Salman, and driver Sudeep.
Udupi Superintendent of Police Dr Arun K praised the team for their efforts in the operation.