Udupi: 48-year-old man loses Rs 46.92 lakh in online share market investment fraud
Udupi: In yet another digital scam, a 48-year-old man from Karnataka was duped into losing a staggering Rs 46.92 lakh in an online fraud disguised as a share market investment scheme.
The victim, identified as Avinash from Kundapur, lodged a complaint after realising he had been duped by fraudsters. He was added to a WhatsApp group named "Surendra VIP Free Bull Stock Sharing Group-X98" on September 17 and the group claimed to offer lucrative opportunities for earning profits through stock market investments, as reported by Deccan Herald on Monday. Trusting the group's promises, Avinash followed their advice and opened a ‘Zerodha D-mat account’ to start his investment journey.
Initially, Avinash invested Rs 10,000 as per the group's instructions. However, the scammers soon directed him to another demat account, "EMCEE – Invest Group Inc," and encouraged him to invest larger amounts. Believing in the potential for returns, Avinash transferred a total of Rs 46.92 lakh from his bank account to various accounts provided by unknown individuals.
The transactions were made via Google Pay and online banking in phased payments.
Avinash mentioned in the complaint that despite the significant sums invested, he never received any returns or profits, and the fraudsters failed to refund the amount, leading to massive financial loss.
After realising he had been scammed, Avinash filed a complaint to the CEN station in Udupi.
A case has been registered under Sections 66 (C), 66 (D) of IT Act and section 318 (4) of BNS act.
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Drug peddler's property worth Rs 1 crore attached in Srinagar
Srinagar (PTI): Property worth Rs 1 crore belonging to a notorious drug peddler was on Saturday attached in Jammu and Kashmir's Srinagar, police said.
A double-storey house on eight marlas of land situated at Wantpora Eidgah, belonging to Basit Bilal Dar, a notorious drug peddler, valued at approximately Rs 1 crore, a police spokesperson said.
He said Dar is involved in two cases registered under various sections of the NDPS Act.
During investigation, it was established that the accused had acquired the said property through illicit proceeds generated from drug trafficking activities, the spokesperson said.
Consequently, the property was attached under the provisions of the NDPS Act. The attachment proceedings were conducted in the presence of the two independent witnesses, strictly in accordance with the prescribed legal procedures, he said.
As per the attachment order, the owner has been restrained from selling, leasing, transferring, altering, or creating any third-party interest in the property till further orders, the spokesperson added.
