Udupi Man Loses Rs 19.59 Lakh in Investment Fraud Scam
By ETF Desk
A resident of Udupi district has lost Rs 19.59 lakh in an investment fraud scam, highlighting the growing concern of financial scams in the region. The incident came to light when the victim, who wishes to remain anonymous, approached the police with a complaint.
According to sources, the victim was approached by an individual who promised unusually high returns on investment through a dubious scheme. The victim, unaware of the scam, invested a significant amount of money, only to find out later that it was a fake investment opportunity.
The incident has raised concerns about the increasing number of financial scams in Udupi district, with many residents falling prey to such schemes. The police have launched an investigation into the matter and are working to recover the lost amount. Source: Google News – Udupi.