Three Women Among 15 Accused in Udupi Investment Fraud Case

Udupi police announced that 15 individuals, three of whom are women, have been arrested in connection with an alleged investment fraud case that has reportedly defrauded residents of the district. The arrests were carried out under the direction of the Central Bureau of Investigation’s local branch, which has been probing the scheme for several months.

The investigation began after complaints from multiple investors who claimed they lost significant sums of money after investing in a supposed real‑estate venture that was promoted as a high‑yield opportunity. Authorities say the suspects were involved in a complex network that solicited funds through social media and community meetings, promising quick returns that never materialized. During the raids, officials seized documents and electronic devices that could provide evidence of the alleged fraud.

The impact on the community is growing, as many of the victims have reported financial hardship following the losses. The police have assured that the investigation will continue and that any proceeds recovered will be returned to the affected investors. Police spokespersons have urged anyone with information related to the case to come forward. Source: Google News – Udupi.