Karkala: Girl among 2 graduates held for circulating fake currency
Karkala, Sep 20: Two business management graduates from Davanagere, including a girl, have been arrested by Udupi district police on the charge of circulating fake currency notes with a face value of Rs 200, police said.
They printed currency on their own after learning from tutorials on YouTube and purchased a printer through online for the purpose.
Chethan Gowda (23) and his girlfriend Arpita P Navale, both belonging to Davanagere, were held on Wednesday.
According to police, they had started to print fake currency notes and using it from the past 45 days.
An SUV, a printer and materials used for printing the fake currency have been seized from the accused, the police said.
Their luck ran out after an alert shopkeeper grew suspicious about a note, approached a bank to verify the currency and then informed the Karkala police.
Police found out that the accused have used at least 200 fake currency notes in various places.
The two were produced before the court which remanded Chethan in police custody and Arpita in judicial custody, the sources said.
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Mangaluru: 74-year-old man cheated of Rs 1.77 crore in American commodities investment scam
Mangaluru: A 74-year-old man from the city has allegedly been cheated of Rs 1.77 crore in an online investment scam linked to American commodities trading, Deccan Herald reported on Thursday.
According to the complaint, the victim received a phone call on December 24 last year from a person who identified himself as Shoib Ghauri from a firm named Ventrade.
The caller allegedly promised high returns through investments in American commodities markets and assured that funds transferred in Indian rupees would be converted into US dollars and invested on the victim’s behalf.
Police said the accused remained in contact with the victim through email, WhatsApp, and phone calls. Initially, the complainant invested a small amount and received some returns in his bank account, which increased his confidence in the scheme.
Convinced by the assurances and expecting higher gains, he subsequently transferred larger amounts through RTGS, NEFT, and IMPS to bank accounts provided by the accused.
Between January 5 and February 2, the victim transferred a total of Rs 1,77,64,668.22 to the specified accounts, police said. When the promised returns stopped and communication became irregular, he realised he had been cheated.
A case has been registered at the CEN Police Station in Mangaluru, and further investigation is under way.
