Surathkal Police have arrested four individuals linked to two major “lucky scheme” scams that defrauded thousands of unsuspecting victims of crores of rupees.
In one of the prominent cases, Ahmed Quereshi and his associate Nazir, also known as Nasir, were accused of orchestrating a fraudulent scheme under the banner of New Shine Enterprises. Operating from their office at Ayisha Complex near Samsuddin Circle in Katipalla II Block, the duo collected Rs1,000 each from over 3,000 individuals for a period of 11 months.
The scam promised extravagant rewards such as vehicles, house plots, apartments, and large cash prizes. However, none of the promised returns materialized. The total amount cheated is estimated to be around Rs4.2 crore.
Both accused are residents of Katipalla, and the investigation into the broader network of the scam is currently ongoing.
