Mangaluru, Oct 22: A Mangaluru resident has fallen victim to a ₹20 lakh scam after being lured into a fraudulent investment scheme by individuals posing as representatives of J.P. Morgan India. The case, filed at Kadri police station, highlights the growing threat of investment fraud in the region.
The victim, whose identity has not been disclosed, was contacted on September 24 by a man named Vishwanathan, who falsely introduced himself as the Chief Investment Strategist for J.P. Morgan India. Shortly after, a woman named Neeta Sharma reached out, using multiple phone numbers to convince the victim of her association with the prestigious financial firm. She shared a company link and urged the victim to invest ₹20 lakh, promising high returns.
On October 14, after being convinced by Neeta's claims, the victim transferred ₹20 lakh to the fraudulent account. Following this, Neeta instructed the victim to purchase 1,000 shares at ₹240 per share, which he did. The next day, she advised buying 7,900 more shares at ₹250.95 each, further strengthening her false credibility.
However, trouble arose when Neeta told the victim to withdraw the invested amount. Instead of receiving the full sum, the victim was sent only ₹1,500, transferred from an unknown account. When questioned, Neeta could not provide a clear explanation for the discrepancies.
Sensing the deceit, the victim demanded a full refund of his investment. Neeta, however, brazenly asked for an additional ₹4 lakh, prompting the victim to realize the extent of the fraud. He then filed a formal complaint with the Kadri police.
This incident serves as a critical reminder for the public to remain vigilant against fraudulent schemes, particularly those involving investment promises from unverified sources. Always ensure that you verify the legitimacy of financial institutions and representatives before transferring funds.
The Kadri police are investigating the case and have urged the public to stay alert and report any suspicious investment schemes.
Tips to Protect Yourself from Investment Scams:
1. Verify Credentials: Always cross-check the credentials of anyone claiming to represent a reputable financial institution. Use official contact information from the company's website to verify.
2. Be Skeptical of Unsolicited Offers: Be cautious of unexpected investment offers, especially those that promise unusually high returns.
3. Conduct Thorough Research: Before investing, investigate the company and the proposed investment thoroughly. Look for reviews, ratings, and any red flags.
4. Report Suspicious Activity: If you suspect a scam, report it immediately to local authorities or financial regulatory bodies to prevent further fraud.
Comments
Communal ideology was kept in the freezer for more than 70 years by Nehru and Congress. Because of its Secular credentials, India got good name and fame in the world. Also India is developed much better than its neigbors under the Congress rule. Now the Communal forces are started to come out but mean time it is out dated. People do not want division in the name of religion and silly politics. We are not going to achieve anything by commenting on history nor we cannot blame any one what is happened in the history. What people need is : Good Hospitals, Schools and colleges, Electricity, Jobs, Good Roads - People need peaceful and comfortable life. Not this hell kind of Beef, Mandir Masjid politics. Any party should realize, people will vote for them just by raising these issues, they are only dreaming. Remember people voted Modi for Development not for Hindu Muslim politics. Any governemnt, please concentrate only on providing peaceful and comfortable life for the citizens of India. Nobody interested in Silly politics. Ultimately people will vote only to those who brings developments and non corrupt.
Yes. If you are the real man and have guts reveal the true histoty. Not Chaddi history.
Tipu sultan Jayanti invites you to to print the name of the Tiger and not the rat' s name.
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