Mangaluru man loses ₹17 lakh in share market scam after joining WhatsApp group

News Network
December 10, 2024

Mangaluru: In a chilling reminder of the dangers lurking online, a man from Mangaluru fell victim to a sophisticated investment scam, losing a staggering ₹16.9 lakh. The fraudsters, posing as investment advisors, lured the victim via a WhatsApp group with promises of lucrative returns in the share market.

The trap was set when the victim clicked on a link sent by the fraudsters and downloaded a suspicious app. Over time, he transferred substantial sums of money to the fraudsters’ bank accounts, believing he was making profitable investments.

The scam unraveled when the victim tried to withdraw his money but found himself unable to do so. Realizing he had been duped, he lodged a complaint with the Mangaluru Rural Police, who have since registered a case and launched an investigation.

Be cautious

Always verify the authenticity of financial offers, especially when approached via social media or messaging apps. Avoid clicking on unsolicited links or downloading unverified apps. Stay vigilant to protect your hard-earned money from scammers.

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News Network
March 21,2025

Bengaluru: The Karnataka Assembly on Friday passed Bills doubling the salaries of the chief minister, ministers, and legislators, adding an annual burden of ₹62 crore on the exchequer.

The CM's monthly salary will increase from ₹75,000 to ₹1.5 lakh, while ministers will see a 108% hike, from ₹60,000 to ₹1.25 lakh. MLAs and MLCs will get ₹80,000 per month, up from ₹40,000, and their pension will rise from ₹50,000 to ₹75,000.

The Karnataka Ministers Salaries and Allowances (Amendment) Bill and the Karnataka Legislature Salaries, Pensions and Allowances (Amendment) Bill were passed without debate, as the Opposition BJP protested in the well of the House.

The Bills cited the rising cost of living as justification for the hike. The Assembly Speaker and Legislative Council chairperson will now receive ₹1.25 lakh per month, up from ₹75,000.

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News Network
March 20,2025

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Hyderabad: A police case has been registered in Telangana against 25 celebrities, including prominent actors Rana Daggubati, Prakash Raj, Vijay Devarakonda, and Manchu Lakshmi, for allegedly endorsing illegal betting apps. The FIR was lodged following a complaint by businessman Phanindra Sarma.

The list of accused celebrities and influencers also includes Praneetha, Nidhi Agarwal, Ananya Nagalla, Siri Hanumanthu, Sreemukhi, Varshini Sounderajan, Vasanthi Krishnan, Shoba Shetty, Amrutha Chowdary, Nayani Pavani, Neha Pathan, Pandu, Padhmavathi, Imran Khan, Vishnu Priya, Harsha Sai, Sunny Yadav, Shyamala, Tasty Teja, and Bandaru Sheshayani Supritha.

According to the FIR, these individuals promoted betting platforms through social media advertisements, encouraging users to invest money in illegal online gambling. "These platforms deal with transactions worth thousands of lakhs of rupees, pushing several families—especially from middle-class and lower-middle-class backgrounds—into financial distress," states the complaint.

The complainant alleged that many people have lost their savings due to these apps. He claimed that he himself almost deposited money on one such platform but refrained after being warned by his family. The FIR further accuses the celebrities of accepting substantial remuneration to endorse these apps, thereby influencing the public—particularly those facing financial hardship—to invest and eventually fall into addiction, leading to severe financial consequences.

The case has been registered under various sections of the Bharatiya Nyaya Sanhita, the Information Technology Act, and applicable state laws concerning cheating and online fraud.

Reacting to the FIR, actor Prakash Raj clarified that he had endorsed such a platform back in 2015 but opted out within a year. He stated that he is currently gathering more details about the case.

This development comes amid heightened scrutiny of Telugu cinema celebrities. Notably, it follows the controversial arrest of Allu Arjun in December after a tragic incident at the premiere of Pushpa 2: The Rule in Hyderabad, where a woman lost her life due to a chaotic crowd surge. Police had claimed the actor’s presence at the event was unplanned and that no security measures were in place to control the large turnout.

The arrest of Allu Arjun had ignited a heated debate, drawing criticism from political opponents of the ruling Congress and key figures in the film industry. In response to the controversy, Telangana Chief Minister Revanth Reddy met with a delegation of filmmakers and actors, reassuring them of the state’s support for the film industry while asserting that law and order would remain a priority.

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News Network
March 27,2025

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The Karnataka government has announced that Nandini milk will become ₹4 costlier per litre starting April 1, 2025. This is the second price hike this year.

The decision was made during a cabinet meeting led by Chief Minister Siddaramaiah. Karnataka Cooperation Minister K N Rajanna and Animal Husbandry Minister K Venkatesh said the increase is meant to support dairy farmers by covering the rising costs of producing and processing milk.

Officials also said that:

>> The extra money from the price hike will go directly to the milk producers.

>> The earlier ₹2 price hike (announced on June 26, 2024) will be withdrawn.

>> The new price hike of ₹4 will apply to both 500 ml and 1-litre packets.

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