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
June 27,2025

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New Delhi, June 27: Former US President Donald Trump on Thursday hinted at a potentially “very big” trade deal with India, weeks after closed-door negotiations between the two countries concluded in Washington.

Speaking at the Big Beautiful Event at the White House, Trump said, “We just signed with China yesterday. We have some great deals. One may be coming up with India — a very big one.” He added that the US would not pursue trade deals with every country, suggesting a selective, strategic approach.

The four-day negotiations focused on expanding market access, reducing tariffs, and addressing non-tariff barriers across industrial and agricultural sectors. The Indian delegation was led by Commerce Ministry’s Rajesh Agrawal, while the US side was headed by officials from the Office of the US Trade Representative.

Sources say the proposed deal aims to boost bilateral trade from $190 billion to $500 billion by 2030.

Union Commerce Minister Piyush Goyal confirmed that talks are ongoing to strike a “fair, equitable, and balanced” agreement. “PM Modi and President Trump met in February 2025 and agreed on the importance of a mutually beneficial trade pact,” he said.

Earlier this month, US Secretary of Commerce Howard Lutnick also indicated that the deal could be finalized soon, noting that both countries are finding common ground.

US-China Deal Also Signed

Trump also mentioned a new trade agreement with China, signed a day earlier, focused on accelerating rare earth shipments to the US. According to a White House official, the pact includes a framework tied to the Geneva agreement, following a period of heightened tensions and stalled trade between the two countries.

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coastaldigest.com news network
June 30,2025

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Indian National Congress’ national media panelist Aishwarya Mahadev has been appointed as the new Chairperson of the Karnataka Pradesh Congress Committee (KPCC) Social Media Department.

In an official press release, AICC General Secretary (Organisation) K.C. Venugopal stated, “The AICC has approved the proposal for the appointment of Ms. Aishwarya Mahadev as the Chairperson of the Social Media Department of the Karnataka Pradesh Congress Committee, with immediate effect.”

Aishwarya is the daughter of late Congress leader and former MLA Manchanahalli Mahadev, who passed away 14 years ago. 

Despite losing her father at a young age, Aishwarya has remained deeply involved in the party’s activities from early on. She rose through the ranks to become Secretary of the Congress Mahila Morcha (Women’s Wing) at a young age and has held several important responsibilities since then.

Over the years, she has gained prominence as a bold and articulate spokesperson for the Congress, often representing the party in televised debates and digital platforms. 

Known for her sharp communication skills and strong digital presence, her appointment is seen as a strategic move to further strengthen the Congress party’s outreach in Karnataka ahead of future elections.

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News Network
June 30,2025

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Palestinian authorities in Gaza have released alarming figures on the starving civilians killed by Israeli live fire while waiting in line for humanitarian aid.

The Palestinian authorities condemned the regime forces’ ongoing attacks on Palestinians seeking aid across the territory.

Gaza’s Government Media Office said approximately 580 Palestinians have been killed and over 4200 others injured as a result of Israeli attacks on civilians seeking aid.

It held Israel and its allies, particularly the US, the UK, France, and Germany, legally and morally responsible for supporting the systematic extermination of civilians in Gaza.

The office also urged the international community to pressure Israel to open Gaza’s crossings, lift its blockade, and allow the immediate entry of humanitarian aid before it is too late.

The new revelation came after Israeli media reported that soldiers have deliberately shot at unarmed Palestinians seeking aid in Gaza after being “ordered” to do so by their commanders.

UN agencies have also condemned the so-called US-Israeli food distribution system in Gaza, calling it a death trap.

Researchers have found that almost 100,000 Palestinians have been killed since the start of Israel’s genocidal war on the Gaza Strip in October 2023.

The figure was published in a new study led by University of London economist Professor Michael Spagat and Palestinian political scientist Khalil Shikaki, who surveyed 2,000 households in the besieged Gaza, comprising almost 10,000 people.

The researchers concluded that, as of January 2025, some 75,200 people died a violent death in Gaza during the Israeli aggression, the vast majority caused by Israeli munitions, along with 8,540 killed via a non-violent death.

Since January, more than 10,000 people have also been reported killed by the Gaza Health Ministry, bringing the combined fatality count to nearly 100,000.

The new death toll shows that the Gaza Health Ministry understates the true scale of the crisis caused by the Israeli aggression, compounded by hunger, disease, and gunfire at food distribution centers

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