Man loses Rs 5.4 lakh in online scam | Mangaluru News – The Times of India

Mangaluru: A man from Belagavi district was allegedly cheated of over Rs 5.4 lakh by cyber fraudsters who lured him into investing money through an online task-based investment scheme. According to the complaint filed by Parashuram Lamani,29, a resident of Kagihal tanda in Savadatti, Belagavi, he received a phone call on Feb 18 from a woman identified as Kaveri. She asked him to click on a link and participate in online tasks, claiming that she personally earned profits through the platform.Trusting her claims, the complainant was persuaded to invest money with the promise of high returns. Accordingly, the next day, he transferred Rs 2 lakh via RTGS to a bank account belonging to a person named Gulam Hussain. On Feb 20, he transferred another Rs 2.4 lakh via RTGS to the bank account of Monu Yadav. On the same day, he transferred an additional Rs 99,200 via RTGS to the bank account of Kuldeep.

In total, he alleged that he invested Rs 5,39,200 from his bank account. However, he neither received any profit nor got his invested amount back. Based on the complaint, Kundapur Rural police registered a case under provisions of the IT Act.