Beware of bogus apps: Online share trading scam drains ₹24.9 lakh from Mangaluru investor

coastaldigest.com news network
August 30, 2025

Mangaluru, Aug 30: An unsuspecting investor in Dakshina Kannada has lost a staggering ₹24.9 lakh after falling victim to a fake online share trading app. Police have urged the public to remain alert against such scams.

According to a complaint lodged with the CEN Police, the victim, C. Subrahmanya from Bantwal taluk, received a call on July 20 from an unknown person who claimed to represent the stock trading platform Fivepaisa.

He was then tricked into downloading a fraudulent app called Fivepaisamax through a link sent by the caller. Initially asked to invest ₹5,000, Subrahmanya deposited ₹40,000 and managed to withdraw only ₹1,000. Convinced by further promises of profit, he continued investing larger sums.

In multiple transactions, he transferred a total of ₹24.9 lakh to the fraudsters’ accounts. When he attempted to withdraw his remaining funds, the app blocked him, and he realised he had been duped.

Police have registered a case under Sections 66(C) and 66(D) of the IT Act, and Sections 318(4) and 319(2) of the Bharatiya Nyaya Sanhita (BNS). Officials have cautioned citizens to avoid downloading investment apps from unverified links and to rely only on official platforms.

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News Network
January 19,2026

trump.jpg

Donald Trump has linked his repeated threats to seize Greenland to his failure to win the Nobel Peace Prize, in a letter to Norwegian Prime Minister Jonas Gahr Støre.

The authenticity of the letter, in which Trump says he no longer feels obligated to “think purely of peace,” was confirmed by Støre to the Norwegian newspaper VG.

“Considering your country decided not to give me the Nobel Peace Prize for having stopped eight wars plus, I no longer feel an obligation to think purely of peace,” Trump wrote, adding he can now “think about what is good and proper for the United States.”

Støre said Trump’s letter was in response to a short message he had sent earlier, on behalf of himself and Finland’s President Alexander Stubb.

Trump has escalated rhetoric toward Greenland, a self-governing Danish territory, insisting the US will take control “one way or the other.” Over the weekend, he tweeted: “Now it is time, and it will be done!!!”

On Saturday, Trump threatened a 10% tariff on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland from 1 February until the US is allowed to purchase the island. EU diplomats met for emergency talks on possible retaliatory tariffs and sanctions.

In his letter, Trump argued Denmark “cannot protect” Greenland from Russia or China, questioning Danish ownership: “There are no written documents; it’s only that a boat landed there hundreds of years ago.” He added that NATO should support the US, claiming the world is “not secure unless we have complete and total control of Greenland.”

Trump’s stance has unsettled the EU and NATO, as he refused to rule out military action to take control of the mineral-rich island.

The Nobel Peace Prize is awarded by the independent Norwegian Nobel Committee, not the government. Trump had campaigned for last year’s prize, which went to Venezuelan opposition leader María Corina Machado, who dedicated her award to him.

Støre reiterated that the Nobel Prize decision rests solely with the committee.

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News Network
January 20,2026

Mangaluru: In a major step towards strengthening rural innovation, the Office of the Principal Scientific Adviser (PSA) to the Government of India is supporting the establishment of RuTAGe Smart Village Centres (RSVCs) across the country through collaborations with academic institutions, civil society organisations and philanthropic partners.

As part of this national initiative, Nitte (Deemed to be University) will set up the first RSVCs in the region at Nitte GP in Udupi district and at the Nitte Health Centre, Sevanjali Trust, Farangipete, in Dakshina Kannada district. The centres will be inaugurated on January 21. In South India, the programme is being implemented by the Section Infin-8 Foundation (SI-8).

Speaking to reporters on Monday, SI-8 founder-director Vishwas US said experts from Nitte University and SI-8 would work closely with farmers, students, youth and local entrepreneurs to adapt and deploy technologies tailored to local needs.

Project head Prof Iddya Karunasagar, representing Nitte DU, said the RSVCs at Nitte and Farangipete would serve as demonstration hubs for a wide range of agriculture, energy, skill-development and assistive technologies. These include solar dryers for fruits, vegetables and crops; soil-testing solutions; power weeders and women-friendly farm tools; wind-powered devices for rural artisans; grain storage systems; grass-cutting and tree-climbing equipment; and liquid fertiliser production using cowshed waste.

SI-8 CEO Aravind C Kumar said the centres would also provide access to digital and knowledge-based platforms such as ISRO applications, government scheme portals, market linkage tools and gamified learning resources, along with assistive technologies for persons with visual impairments.

Highlighting the broader impact of the initiative, Principal Scientific Adviser Prof Ajay Kumar Sood said it demonstrated how applied research could bridge the rural–urban divide and help create self-reliant, technology-enabled villages.

The initiative has been made possible through philanthropic support from Dr NC Murthy of ACM Business Solutions, LLC, USA. Dr Sapna Poti, Director (Strategic Alliances) at the Office of the Principal Scientific Adviser, said the long-term objective is to build self-sufficient, technology-driven communities capable of generating sustainable livelihoods on their own.

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