Fraudsters on your phone! Udupi man loses ₹2.3 crore in WhatsApp stock scam

Agencies
May 16, 2025

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Udupi, May 16: In a chilling reminder of how digital scams are evolving, a 55-year-old man from Udupi has fallen prey to a sophisticated online stock market investment fraud, losing a staggering ₹2.3 crore.

The victim, identified as Jayananda, filed a complaint detailing how he was targeted and manipulated over a period of weeks. The ordeal began on March 20, when he was added — without consent — to a WhatsApp group named "The Wealth Architects", operated by unknown individuals.

Within the group, members presented themselves as financial experts offering high-return stock market advice. They promoted a demat account titled Kopernik Dmat, claiming it was a gateway to extraordinary profits. The group's activity appeared organized and convincing, often mimicking the tone and branding of legitimate financial institutions.

Lured by the promise of quick wealth, Jayananda allegedly transferred money in multiple instalments to bank accounts provided by the scammers between April 1 and May 13. Despite assurances and constant engagement from the group, no returns were received, and the invested amount vanished without a trace.

Realizing the deception, Jayananda approached the CEN Crime Police Station, where a case has now been registered. Authorities have launched an investigation to trace the perpetrators and recover the funds.

A Broader Wake-Up Call

This case isn't just about one man’s financial loss — it highlights a rising trend in cybercrime, where fraudsters use fake WhatsApp groups, cloned identities, and psychological tactics to lure unsuspecting investors. The elderly and semi-retired professionals are increasingly being targeted.

Key Takeaways for the Public:
•    Never trust financial advice from unknown WhatsApp groups or Telegram channels.
•    Always verify investment platforms through official sources.
•    Avoid transferring money to personal or unfamiliar bank accounts.
•    Report suspicious groups immediately to cybercrime authorities.

Police have urged the public to remain vigilant and avoid falling for schemes that promise unrealistic returns. As investigations continue, Jayananda’s case serves as a sobering reminder: in the digital age, even the smartest can be swindled — if they let their guard down.

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News Network
December 15,2025

Mangaluru, Dec 15: Educational institutions in Mangaluru that rely on the popular Mangala Stadium for their annual sports events are bracing for an inconvenience as the city's key sporting venue is set to close its gates for a significant upgrade. The stadium is expected to be unavailable for approximately two months starting from January 15, 2026.

The closure is necessitated by a proposed overhaul of the stadium's facilities, with a special focus on upgrading the synthetic track. Pradeep Dsouza, Assistant Director of the District of Youth Empowerment and Sports (DYES), Dakshina Kannada, confirmed the development.

"Experts have visited the stadium, conducted a thorough inspection, and have given the go-ahead for a complete makeover," Dsouza stated. "Funds have been allocated for the project, and we are currently awaiting the final green signal from state officials to commence the work. We anticipate that the work will likely begin in the second week of January. Consequently, we have stopped renting out the stadium to colleges and other organizations in preparation for the upgrade."

The timing presents a logistical challenge for colleges, as many schools have already concluded their sports meets.

"Colleges will now be organizing their events and will need to find alternative locations to host their sports meets," Dsouza added. He suggested a few potential venues, including the Dakshina Kannada police ground, University College grounds, Panambur grounds, Swaraj Maidan in Moodbidri, and the Mangalore University sports grounds in Konaje.

However, many institutions note that finding a comparable venue will be difficult. While the DK police ground and University College grounds are closer to the city center, they do not possess the extensive facilities and infrastructure offered by Mangala Stadium.

Dr. P Dayananda Pai - P Satisha Govt First Grade College, Carstreet, is one such institution dependent on the stadium. Principal Jayakar Bhandary expressed hope for a swift completion of the work. "We expect the work to be completed at the earliest. If not, we will be forced to look for other venues to host the sports day for our students," Bhandary said, highlighting the pressing need for the city's main sporting facility.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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News Network
December 17,2025

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Melkar, Dec 17: The 17th Annual Day and Graduation Ceremony of Melkar Women’s PU and Degree College, themed “Fusion-2K25,” was celebrated with dignity and enthusiasm, marking a significant milestone in the institution’s academic journey. The programme reflected the college’s steadfast commitment to academic excellence, character building, and the holistic development of students.

The event was inaugurated by Mr. Asif Mohammed, whose presence greatly enriched the occasion. The celebration was further graced by the chief guests Mr. P. B. Ahmed Mudassir and Mr. Nissar Fakeer Mohammed, along with the distinguished guests of honour Mr. B. A. Nazeer and Mr. Ibrahim Gadiyar. In their inspiring addresses, the guests encouraged the graduating students and appreciated the dedicated efforts of the management, faculty, and students.

The annual report was presented by the Principal, Mr. Abdul Majeed S, highlighting the institution’s academic progress, notable achievements, and extracurricular accomplishments during the academic year.

The presidential address was delivered by the esteemed Chairman of Melkar Women’s PU and Degree College, Dr. Haji S. M. Rasheed, who emphasized the vital role of education in empowering women and shaping responsible citizens. He also stressed the importance of discipline, dedication, and perseverance in achieving success.

Cultural programmes and academic recognitions formed an integral part of the celebration, showcasing the talents and achievements of the students. The graduation ceremony was a proud moment for the outgoing students as they were formally conferred degrees and wished success in their future endeavours.

Ms. Mashmooma Fathima served as the Master of Ceremonies. The welcome address was delivered by Ms. Fathima Nida, and the programme concluded with a vote of thanks proposed by Ms. Ayisha Suhana.

The event successfully achieved its objectives and was highly appreciated by the guests and attendees.

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