Man loses ₹74 lakh in online investment fraud

A 43-year-old man from Pangala in Udupi district has complained to the police that he lost ₹71.74 lakh in online fraud where the fraudsters had promised lucrative returns from investment in share market.

Working in Singapore as an accountant, the victim got a WhatsApp message on his domestic phone number on January 3 from OmniFxPro. The person on the other end chatted with the victim and assured good returns from investments in share market, the victim’s wife said in her complaint.

Believing these words, the victim transferred money to different bank accounts from January 4 to 18, totalling to ₹71.74 lakh. When he attempted to withdraw the investment, he could not, the complainant said.

Udupi CEN police have registered a case under the relevant provisions of the IT Act and BNS and are investigating.