Investment scam: Man loses over Rs 7 lakh in Karnataka

MANGALURU: A man reportedly fell prey to an investment scam and lost nearly Rs 7.09 lakh. In a complaint, Mohammed Sabir, a resident of Bantwal taluk, said that on July 31, he received a link from an unknown Telegram account.

After clicking the link, he was informed by the fraudsters about an investment opportunity and, as instructed, transferred money in several instalments to the bank accounts specified by the unknown persons, allegedly investing a total of Rs 7,09,873. However, when he tried to withdraw the invested amount, he was unable to do so. Based on the complaint, a case was registered at the Dakshina Kannada CEN Police Station under Section 66(D) of the IT Act and 318(4) of the BNS Act.