Three Women Among 19 Accused in Udupi Investment Scam

Police in Udupi announced that 19 people have been named as accused in a fraudulent investment scheme that has reportedly defrauded dozens of locals. Among those charged, three are women, marking the first time the case includes female perpetrators.

The allegations center around a business that promised high returns on investments in real‑estate and tech ventures. Investigators claim the scheme was a pyramid structure that collapsed earlier this year, leaving many investors in debt.

Officials say the arrests aim to recover the ill‑sold assets and deter future scams. Residents are urged to verify investment offers with official channels. The case underscores the need for stronger regulatory oversight in the region. Source: Google News – Udupi.