The Mangaluru City Cyber Economic and Narcotics (CEN) Crime Police announced in a news statement on Thursday that a guy from Kerala had been detained in relation to an online investment fraud in which a victim lost ₹10.32 lakh.
An anonymous person messaged the victim on WhatsApp, promising large returns on stock market investments made via them. The victim deposited money in several installments, believing the promise, only to discover later that they had been duped.
Police linked ₹1 lakh of the stolen money to the bank account of Nidhin Kumar K.S., a Thrissur, Kerala, resident, during the course of the inquiry. Police sources claim that Kumar was paid commissions for moving money to several accounts. He was taken into custody and brought before a judge.
In addition to section 420 of the IPC, the case has been lodged under sections 66(C) and 66(D) of the IT Act.
Police linked ₹1 lakh of the stolen money to the bank account of Nidhin Kumar K.S., a Thrissur, Kerala, resident, during the course of the inquiry. Police sources claim that Kumar was paid commissions for moving money to several accounts. He was taken into custody and brought before a judge.
In addition to section 420 of the IPC, the case has been lodged under sections 66(C) and 66(D) of the IT Act.
ACP Ravish Nayak and CEN Police Inspector Satish M.P. led the inquiry, which was conducted under the direction of Mangaluru Police Commissioner Anupam Agarwal (IPS) and top authorities. There are still efforts underway to find and capture other fraudsters.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream formerly known as CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, The Mainstream formerly known as CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, The Mainstream formerly known as CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK
