Mangaluru man loses Rs 24 lakh to investment scams on Instagram and WhatsApp

coastaldigest.com news network
June 10, 2025

Mangaluru: A man has allegedly fallen victim to an online investment scam, losing Rs 24.2 lakh over several months through fraudulent trading schemes advertised on Instagram and promoted via WhatsApp groups.

According to the complaint, the incident began in March 2024, when the victim clicked on an Instagram advertisement related to trading. This led him to a group named Fyers Market Discussion Group, where a person identified as Sharon Trivedi added him to a WhatsApp chat, introduced various investment schemes, and convinced him to register via an application. After installing the app, Sharon remained in constant contact, explaining institutional stock investments and IPO placements, urging him to invest. The app’s customer support team provided bank account numbers and IFSC codes for deposits.

Scam Unfolds Through Multiple Channels

Later, the complainant encountered another investment company via a similar Instagram advertisement. This time, Ishita Paul, using multiple WhatsApp numbers, persuaded him to invest through a website, which again provided numerous bank details for transactions.

Between April 21, 2024, and May 31, 2025, the victim transferred Rs 24.2 lakh in multiple installments through UPI, RTGS, and IMPS into various bank accounts supplied by these fraudsters. Initially, a small amount was returned to build trust, but when he requested the remaining funds, he was asked to pay taxes and commissions. Even after complying, the scammers demanded a 10% security deposit before processing his withdrawal.

Realization and Legal Action

This demand raised suspicions, prompting the complainant to investigate further. Upon realizing he had been deceived, he waited in hopes of recovering the money, but after receiving no reimbursement, he filed a complaint at the CEN Crime Police Station. A case has been registered, and an investigation is underway.

How to Protect Yourself from Investment Scams

With rising cases of financial fraud, authorities urge individuals to exercise caution before investing online. Here are some steps to avoid falling victim to scams:

•    Verify the authenticity of investment platforms and trading groups before engaging.

•    Beware of unsolicited messages promoting financial schemes, especially from unknown contacts.

•    Do not install unfamiliar trading apps without thorough research.

•    Avoid sharing financial details or transferring money without confirmation from official sources.

•    Consult financial experts before making large investments.
If you suspect fraudulent activity, report it immediately to cybercrime authorities to prevent further losses.

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News Network
November 22,2025

The Karnataka government has announced a 50% rebate on pending traffic and transport fines. The discount is available from November 21 to December 12.

The rebate applies to all traffic e-challans and violation cases booked by the RTO between 1991–92 and 2019–20. Officials clarified that the offer is not applicable to pending tax dues and is restricted only to traffic-violation fines.

Across Karnataka, more than 4 lakh RTO cases remain pending, including those involving transport vehicles. While thousands of vehicle owners have already cleared their dues, the department expects to generate substantial revenue through this limited-period rebate.

How to Pay and Avail the Discount

There are three ways to check and pay your pending fines:

1. Through Mobile Apps
Available on both Play Store and App Store:
•    Karnataka State Police (KSP) app
•    KarnatakaOne app
•    ASTraM app

Steps:
•    Enter your vehicle number in any of the above apps
•    Verify the photo/details of your vehicle
•    Pay the fine with the 50% discount applied

2. Visit a Traffic Police Station

You can pay your pending fine at any nearby traffic police station.

3. Visit the Traffic Management Centre (TMC)

•    Location: First Floor, Infantry Road, near Indian Express, Bengaluru

Transport Commissioner Yogeesh A M said, “We don't issue e-challans, so there's no online payment system.”

The department estimates ₹52 crore in pending RTO fines up to March 2020. “With the 50% rebate, we expect to collect around ₹25 crore if all dues are cleared,” he added.

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News Network
November 27,2025

Bengaluru, Nov 27: Karnataka Chief Minister Siddaramaiah’s camp is reportedly on alert as the Congress leadership tussle in the state intensifies, particularly amid speculation over the potential promotion of Deputy Chief Minister D.K. Shivakumar. Siddaramaiah is said to be in a “wait-and-watch” mode after admitting to “confusion” earlier this week and urging the party to “put a full stop” to it.

Sources say his supporters are ready to act if senior leaders — including party chief Mallikarjun Kharge, Sonia Gandhi, and Rahul Gandhi — give any indication of backing Shivakumar. If the party insists on a leadership change, Siddaramaiah’s camp has a list of alternatives, underscoring the deep rift between the two leaders. One possible candidate is Home Minister G. Parameshwara, a Siddaramaiah loyalist and influential Dalit leader.

The strategy was reportedly finalized at a meeting led by PWD Minister Satish Jarkiholi, another Siddaramaiah supporter, who stressed that Delhi leaders need to resolve the issue. Kharge and the Gandhis are expected to meet soon, after which Siddaramaiah and Shivakumar may be summoned to Delhi.

Shivakumar has largely stayed non-confrontational, publicly endorsing Siddaramaiah and downplaying speculation about his own ambitions. However, he has made pointed comments emphasizing the importance of honoring promises, directed at Siddaramaiah.

The feud traces back to the 2023 state election, when Siddaramaiah was chosen as Chief Minister while Shivakumar, who led the party’s campaign, was made Deputy CM and state party chief — a departure from the Congress’ usual “one post per person” rule.

There were also hints of a prior understanding that Siddaramaiah would step down midway through the term. As the halfway mark passed last week, Shivakumar-aligned lawmakers have ramped up pressure on the party for a leadership change, with Shivakumar himself hinting at stepping down as state party chief to pursue the top job.

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News Network
November 27,2025

Bengaluru, Nov 27: Karnataka Chief Minister Siddaramaiah’s camp is reportedly on alert as the Congress leadership tussle in the state intensifies, particularly amid speculation over the potential promotion of Deputy Chief Minister D.K. Shivakumar. Siddaramaiah is said to be in a “wait-and-watch” mode after admitting to “confusion” earlier this week and urging the party to “put a full stop” to it.

Sources say his supporters are ready to act if senior leaders — including party chief Mallikarjun Kharge, Sonia Gandhi, and Rahul Gandhi — give any indication of backing Shivakumar. If the party insists on a leadership change, Siddaramaiah’s camp has a list of alternatives, underscoring the deep rift between the two leaders. One possible candidate is Home Minister G. Parameshwara, a Siddaramaiah loyalist and influential Dalit leader.

The strategy was reportedly finalized at a meeting led by PWD Minister Satish Jarkiholi, another Siddaramaiah supporter, who stressed that Delhi leaders need to resolve the issue. Kharge and the Gandhis are expected to meet soon, after which Siddaramaiah and Shivakumar may be summoned to Delhi.

Shivakumar has largely stayed non-confrontational, publicly endorsing Siddaramaiah and downplaying speculation about his own ambitions. However, he has made pointed comments emphasizing the importance of honoring promises, directed at Siddaramaiah.

The feud traces back to the 2023 state election, when Siddaramaiah was chosen as Chief Minister while Shivakumar, who led the party’s campaign, was made Deputy CM and state party chief — a departure from the Congress’ usual “one post per person” rule.

There were also hints of a prior understanding that Siddaramaiah would step down midway through the term. As the halfway mark passed last week, Shivakumar-aligned lawmakers have ramped up pressure on the party for a leadership change, with Shivakumar himself hinting at stepping down as state party chief to pursue the top job.

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