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In a stark reminder of the growing menace of cyber fraud, a man was duped of ₹46 lakh after falling prey to a fake stock market trading scam orchestrated via WhatsApp. The incident highlights the need for heightened awareness about online financial schemes and the importance of verifying investment opportunities.

How the Scam Unfolded
The victim reported receiving a WhatsApp message from a person posing as "Shraddha Belani," a supposed representative of ARES Management Corporation. The fraudster lured the victim with promises of a 500% profit through stock market trading. Trusting the offer, the victim followed an online registration link and was added to a WhatsApp group named ‘H 777 ARES Stock Exchange Group.’

The scam began small, with the victim transferring ₹2 lakh on October 24 to purchase stocks. He received a ₹50,000 profit the very next day, creating a false sense of trust. Encouraged by this, the victim made phased investments totaling ₹46 lakh.

The Trap Tightens
The fraud came to light on November 29 when the victim attempted to withdraw ₹20 lakh to meet financial needs. Unable to access his funds, he contacted the scamsters, who demanded an additional ₹8.78 lakh to "unlock" his account. At this point, the victim realized he had been duped and promptly filed a complaint via the Cyber Crime Portal.

Police Action and Awareness Message
A case has been registered at the Mangaluru Cyber Economic & Narcotics Crime (CEN) station, and an investigation is underway. Authorities are urging the public to exercise caution while engaging in online financial transactions and to verify the authenticity of investment opportunities before parting with their money.

Avoid Falling Victim

1. Verify Sources: Never trust unsolicited messages, emails, or calls about investments.
2. Beware of Unrealistic Promises: Offers of guaranteed high returns are often fraudulent.
3. Consult Experts: Always seek advice from trusted financial advisors or institutions.
4. Report Suspicious Activity: Use the Cyber Crime Portal to report scams promptly.

The incident serves as a stark warning against the perils of online fraud. Staying vigilant and skeptical can save you from falling into similar traps.

Mangaluru: A Mangaluru-based entrepreneur fell victim to a WhatsApp fraud, losing ₹2.7 lakh to a scammer posing as a supplier of recycled plastic granules.

The victim, who owns a unit in the Baikampady Industrial Area, was first contacted on July 24 by an individual claiming to be a granule manufacturer based in Maharashtra. The scammer, identifying himself as Nirmal Shah and representing "Zaveri Plastics," resurfaced on November 22 with a business proposal.

In need of raw materials, the entrepreneur placed an order for one metric tonne of Natural Film Grade RP Granules and transferred ₹2.7 lakh in instalments between November 25 and 28. The scammer provided invoices and a transport receipt, claiming the goods were dispatched via Balaji Transport and would arrive on November 29.

When the delivery didn’t materialize, the entrepreneur discovered that all contact numbers, including those for the transporter and driver, were unreachable. Further inquiries revealed no ties between the scammer and the legitimate Zaveri Plastics.

A case has been registered at Panambur police station, and investigations are ongoing.

Mangaluru: The priest of the Ganapathi Shrine at Kadri Sri Manjunatha Kshethra in Mangaluru has been suspended following the registration of a POCSO case against him.

The temple administration committee suspended the priest, who is accused of sexually harassing a minor girl in 2021. A case was recently filed against him at the city's women police station.

In light of this development, he has been suspended, as confirmed by the temple’s CEO.

According to sources, people known to the survivor sent a complaint copy to the temple authorities, following which the action was taken.