Nelyadi: In a road accident reported from Shiradi village, one person died on the spot after he lost control over his car and rammed it to a drainage wall beside the road here on Thursday afternoon.

The deceased, identified as Nagaraj (60), a resident of Bengaluru was reportedly was driving towards Puttur when the incident took place on Thursday near Shri Chaudeshwari Temple on Shiradi Ghat.

Hanumanth (26), also resident of Bengaluru who was travelling with Nagaraj in the car has sustained injuries in the accident.

A case in this regard has been registered at Uppinangady Police Station.

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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.