Mangaluru: Man arrested in online investment scam worth Rs 10.32 lac

Mangalore Today News Network

Mangaluru, January 10, 2025: The Mangaluru police have arrested a person from Thrissur in Kerala for his alleged involvement in cheating a city resident of ₹10.32 lakh in a case of online investment fraud.

The police gave the name of the accused as K.S. Nidhin Kumar, a resident of Chembuchira in Thrissur district.

In a press release, the Mangaluru police said a case was registered in the Cyber Economic and Narcotic (CEN) Crime station in 2024, in which the victim alleged he lost a total of ₹10.32 lakh to fraudsters, who promised good returns for investment in the share market.

Going through the trail of fund transfer to different accounts, the CEN police found that ₹1 lakh had come to the account of Kumar. This amount was the commission Kumar reportedly received for the transfer of ₹10.32 lakh to different accounts.

The CEN police arrested Kumar and produced him before the jurisdictional magistrate, who remanded him in 15 days judicial custody. Search was on for other persons allegedly involved in the fraud, the police said.

₹9 lakh lost

A Mangaluru resident lost over ₹9 lakh after he was promised good returns for an investment on a site related to booking air tickets.

In a complaint to the Mangaluru East police, the victim said he had registered on ‘Apna’ portal. The victim received a call from one Nisha Agrawal who asked him to download ‘Airpaz’ app from a website. The caller asked the victim to invest money in the app and said that he would get commission from booking air tickets through the app. The victim transferred a total of ₹6.28 lakh from his Bank of Baroda account and ₹2.88 lakh from his SBI bank account between December 14, 2024 and January 3.

When the victim demanded commission, the accused asked the former to invest an additional ₹2 lakh. Realising that he has been cheated, the victim filed a complaint.