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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.

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.

The Supreme Court on Monday while hearing a petition against the stand of Karnataka High Court's view that shouting 'Jai Sriram' inside a mosque was not an offence, sought the stand of the State of Karnataka in the matter.

A bench of Justices Pankaj Mithal and Sandeep Mehta was hearing the matter.

"Alright, they were shouting a particular religious slogan. How is that an offence?" Justice Mehta asked, as bench posted the matter for January 2025.

The bench asked if the accused persons had been identified. Kamat replied that CCT visuals had been collected and the police identified the accused persons, as recorded in the remand report. The bench asked if merely spotting the accused near the mosque would mean that they shouted the slogans.

"Are you able to identify the actual accused? What material you have brought?" the Court asked. Kamat clarified that he was only representing the complainant (caretaker of the mosque) and it is for the police to conduct the investigation and collect the evidence. The FIR need only give information about the offence and need not be an 'encyclopedia' containing all evidence, he added.

This comes after a petition was filed in the Supreme Court questioning the Karnataka High Court's order of September 13, 2024 which quashed an FIR lodged against two men for raising the 'Jai Shri Ram' slogan within mosque premises.

The high court's single judge bench of Justice M Nagaprasanna had said, "It is ununderstandable as to how if someone shouts 'Jai Shri Ram' it would outrage the religious feeling of any class, when the complainant himself states that Hindu - Muslims are living in harmony in the area".