Udupi, Karnataka — In a significant breakthrough, Udupi district police have busted two major online trading scams, arresting six individuals and recovering over ₹6 lakh in cash along with multiple mobile phones used in the fraud operations.
In the first incident, Teertharaj Shenoy (51), a resident of Perampalli Ambagilu, was duped of Rs44 lakh after joining fraudulent Telegram groups named Capital Gains Crew and Fidility Institutional Partners F-101.
Acting swiftly on his complaint, the Cyber Economic and Narcotics (CEN) Police arrested:
Shoeb Ahmed (28)
Muddasir Ahmed (40)
(Both residents of Hunsur, Mysuru district)
Authorities recovered Rs2 lakh in cash and several mobile phones used in the scam.
In a separate case, Jossy Ravindra D’Cruz (54) from Shankarpura, Kapu, was defrauded of Rs75 lakh in a fake gold trading scheme initiated through a Facebook contact.
A police team arrested four suspects:
Mohammed Kais (20) from Surathkal
Ahmed Anveez (20) from Hejamadi
Safwan (30) and Taseer (31) from Bantwal Taluk
Police recovered Rs4 lakh in cash and mobile phones used in the crime.
