Udupi, Aug 14: A 42-year-old man from Kirimanjeshwara in the coastal district has alleged that he lost over ₹10 lakh in an online investment scam after being lured via a Facebook link into a WhatsApp group promising lucrative stock market tips.
The complainant, Altaf Hussain, said that on July 5, he clicked on a Facebook link that led him to join a group named Next Billion Technology. A woman, identified as Parinithi Jain, introduced herself as a company representative from Sarjapur Road, Bengaluru, and began sending daily stock market updates. Another member, Anup Tiwari, also posted regular stock tips.
On July 10, Parinithi sent Hussain a website link, helped him register, and gave him login credentials. Believing in the company’s credibility, Hussain purchased shares and IPOs online, transferring ₹10.1 lakh via PhonePe to various bank accounts she provided.
By August 5, the website showed his investment had grown to ₹75.4 lakh. But when he tried to withdraw, his account was blocked. Parinithi claimed a 20% commission was required first, but even after Hussain offered to have it deducted from the payout, she refused.
Suspicious, Hussain visited the given Bengaluru address, only to find no such company existed. A case has been registered at Byndoor police station under Sections 66(C) and 66(D) of the IT Act, and Sections 318(2) and 318(4) of the BNS.







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