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Mangaluru, Oct 22: A Mangaluru resident has fallen victim to a ₹20 lakh scam after being lured into a fraudulent investment scheme by individuals posing as representatives of J.P. Morgan India. The case, filed at Kadri police station, highlights the growing threat of investment fraud in the region.

The victim, whose identity has not been disclosed, was contacted on September 24 by a man named Vishwanathan, who falsely introduced himself as the Chief Investment Strategist for J.P. Morgan India. Shortly after, a woman named Neeta Sharma reached out, using multiple phone numbers to convince the victim of her association with the prestigious financial firm. She shared a company link and urged the victim to invest ₹20 lakh, promising high returns.

On October 14, after being convinced by Neeta's claims, the victim transferred ₹20 lakh to the fraudulent account. Following this, Neeta instructed the victim to purchase 1,000 shares at ₹240 per share, which he did. The next day, she advised buying 7,900 more shares at ₹250.95 each, further strengthening her false credibility.

However, trouble arose when Neeta told the victim to withdraw the invested amount. Instead of receiving the full sum, the victim was sent only ₹1,500, transferred from an unknown account. When questioned, Neeta could not provide a clear explanation for the discrepancies.

Sensing the deceit, the victim demanded a full refund of his investment. Neeta, however, brazenly asked for an additional ₹4 lakh, prompting the victim to realize the extent of the fraud. He then filed a formal complaint with the Kadri police.

This incident serves as a critical reminder for the public to remain vigilant against fraudulent schemes, particularly those involving investment promises from unverified sources. Always ensure that you verify the legitimacy of financial institutions and representatives before transferring funds. 

The Kadri police are investigating the case and have urged the public to stay alert and report any suspicious investment schemes.

Tips to Protect Yourself from Investment Scams:

1.    Verify Credentials: Always cross-check the credentials of anyone claiming to represent a reputable financial institution. Use official contact information from the company's website to verify.

2.    Be Skeptical of Unsolicited Offers: Be cautious of unexpected investment offers, especially those that promise unusually high returns.

3.    Conduct Thorough Research: Before investing, investigate the company and the proposed investment thoroughly. Look for reviews, ratings, and any red flags.

4.    Report Suspicious Activity: If you suspect a scam, report it immediately to local authorities or financial regulatory bodies to prevent further fraud.

Udupi, Oct 26: In a heartbreaking incident in Beejadi village near Kundapur in Udupi district, two young men were swept away by a powerful wave while swimming in the sea on Saturday morning. 

Santosh, 21, was pulled from the water by local fishermen and residents, but tragically, he succumbed to his injuries on the way to the hospital. Ajay, who was also caught in the wave, remains missing, according to Kundapur police.

The duo, along with friends Shreyas and Mokshith, had been staying at the Sahana Sun Caste Resort to attend a wedding. Ignoring warnings from locals about the dangers of entering the sea, the group ventured into the water. Around 9:30 a.m., a large wave suddenly engulfed them, sweeping Ajay and Santosh into deeper waters.

Police reported that Ajay hailed from Hangalli village near Kundapur, while Santosh was from Dasarahalli near Bengaluru. Expert divers have been dispatched to the scene in hopes of locating Ajay’s body.

Bengaluru, Oct 17: Karnataka chief minister Siddaramaiah on Thursday announced that all government residential schools in the state will be renamed as Maharishi Valmiki Residential Schools.

He further said that the Raichur University will be renamed as Maharishi Valmiki University, news agency ANI reported.

He made the announcement on the occasion of Valmiki Jayanti, which is celebrated to honor Maharishi Valmiki, the revered author of the Ramayana.

Earlier today, the Karnataka CM paid rich tributes to Valmiki in a series of posts on X.

"Let the life and achievements of Dalit genius, Adi Kavi Valmiki, who wrote the epic Ramayana and showed that talent is not a gift of birth, but an achievement, be an inspiration to all of us," he said.