A 28-year-old man from Udupi has complained to the police that he lost ₹5.05 lakh in online investment fraud.
The victim told the police that he received information about investing on a task through the Telegram App in April this year. After making initial investments and gaining some profit, he was lured to invest more.
Accordingly, the victim had invested a total of ₹5.05 lakh as on Monday; but did not get any returns, he said in the complaint. The Udupi Cyber, Economic and Narcotics Crime Police Station has registered a case under the relevant provisions of the IT Act and is investigating.