Mangaluru man duped of Rs 10.55 lakh in Instagram ‘digital gold’ investment scam
Mangaluru: A 57-year-old man has allegedly been cheated of Rs 10.55 lakh by online fraudsters who lured him into investing in a so-called digital gold trading platform through Instagram, Deccan Herald reported on Tuesday.
According to the complaint, the victim was browsing Instagram at his residence on November 12, 2025, when he received a message from an account named “Suhani Patel.” The accused initiated a friendly conversation and later persuaded him to invest in the “digital gold market,” promising high returns.
The accused subsequently shared a mobile number and sent a link via WhatsApp, asking the complainant to install an application called “Kanak Daam Exchange.” Following the instructions, the victim downloaded the app and registered.
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The accused told the complainant that all transactions would be handled through the app’s customer service. Following their instructions, the complainant contacted the customer service through the app and sent a message requesting US dollars in exchange for Indian rupees. He was then directed to transfer money to specific bank accounts provided by the accused.
Trusting the claims, the complainant transferred Rs 1,50,000, Rs 3,45,000 and Rs 5,60,000 in multiple transactions, amounting to a total of Rs 10,55,000.
Subsequently, the app displayed that his total investment had grown to Rs 60 lakh. However, when he attempted to withdraw the amount due to personal financial needs, the request was denied. On contacting customer service, he was informed that he would have to pay 30 per cent of the total amount as “tax” before any withdrawal could be processed.
Growing suspicious, the complainant reportedly consulted officials at Canara Bank, who advised him that it was a fraud and warned him not to transfer any more money. When he confronted the accused, the amount displayed in the app was allegedly reduced to zero, and he was blocked from further communication.
Despite further attempts to contact “Suhani Patel,” the accused allegedly continued to assure him that the lost money would be returned, before eventually blocking him.
The complainant stated that he was cheated between November 12, 2025 and February 27, 2026, and has urged police to take action against the fraudsters.
A case has been registered, and further investigation is underway.
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BJP urges compensation, aid after eight Karnataka devotees killed in Andhra road accident
Bengaluru (PTI): BJP leaders on Thursday urged the state government to coordinate with authorities in Andhra Pradesh to ensure prompt treatment for the injured and to provide assistance, including adequate compensation, to the families of victims from Karnataka after a road accident in Kurnool district claimed at least eight lives.
Among those killed were five women, and 10 others were injured when a Light Commercial Vehicle (LCV) collided with a tanker in Mantralayam in Kurnool district on Thursday, police said.
The accident occurred when devotees travelling to Mantralayam for the darshan of Sri Raghavendra Swamy were involved in the crash. The vehicle, carrying nearly 20 passengers, rammed into a tanker.
BJP leaders stated that some of the victims were from Chikkamagaluru district in Karnataka.
Taking to the social media platform ‘X’, Karnataka BJP leader B Y Vijayendra expressed deep shock over the accident.
He said that eight devotees from the state, who were on their way for darshan at the Mantralayam temple, had lost their lives, calling it extremely heartbreaking that devotees heading for divine darshan met such an untimely end.
“While conveying my deepest condolences to the families of those who have perished in this tragedy, I pray that the injured recover fully and regain their health as soon as possible,” he said.
“I urge the state government to immediately get in touch with the Andhra Pradesh government and take appropriate steps to ensure that the injured receive necessary treatment without delay. The state government must respond promptly on humanitarian grounds, including providing the required assistance,” Vijayendra added.
Leader of Opposition in the Legislative Assembly, R Ashoka, also conveyed his condolences to the families of those who lost their lives in this tragic incident.
“I pray that the injured recover swiftly. The state government must immediately provide appropriate compensation to the families of the deceased and take necessary steps to ensure the injured receive the required medical treatment,” he said in his post on ‘X’.
BJP MP and former Karnataka Chief Minister Basavaraj Bommai also expressed condolences to the families of the deceased.
“I urge the state government to immediately provide appropriate compensation to the families of the deceased and ensure the best medical treatment for the injured. May the departed souls attain eternal peace. I pray that their family members find the strength to bear this loss,” he added.
