Udupi Man Tricked Out of Rs 50+ Lakh in Stock Market Scam

A 45‑year‑old businessman from Udupi is reported to have invested over ₹50 lakh in a purported stock‑market opportunity that turned out to be a scam.

The scheme involved a group presenting counterfeit documents and promises of high returns through a fake brokerage platform, luring the victim into the investment.

Police under the Criminal Investigation Department have registered a case under IPC sections 420 and 406; the investigation is ongoing to recover the lost funds. Source: Google News – Udupi.