By ETF Desk
The police arrested a man and his wife on Wednesday in Udupi after authorities received a complaint of a ₹23‑lakh fraud.
According to the Deputy Commissioner of Police, the couple supposedly lured a local businessman with promises of a high‑return investment in a property development project. However, the money was allegedly siphoned off into the defendants' personal accounts, leaving the investor with no recourse.
The arrest highlights the growing threat of financial scams in the district. The police said they are now investigating the scheme and have frozen the couples' bank accounts. Source: Google News – Udupi.