Woman in Mangaluru Loses ₹19 Lakh in Online Investment Fraud
CEN Crime Police register case after 37-year-old allegedly duped through fake investment mobile app.
Mangaluru: A 37-year-old woman has allegedly lost ₹19.06 lakh in an online investment scam after downloading a fraudulent mobile application and investing money over a period of two years.
According to police, the woman received a message advertising lucrative investment opportunities. After seeing the promotion, she searched for the related website and downloaded an APK file linked to the scheme. She then registered on the application and shared her bank account details.
The app reportedly displayed information about various companies and investment plans, encouraging users to invest. While the minimum investment amount was stated to be ₹1 lakh, there was no upper limit mentioned.
Police said the woman began investing in phases starting January 2024. Over time, she transferred a total of ₹19.06 lakh through the application.
Initially, she received partial returns — up to ₹1 lakh — until January this year, which strengthened her trust in the platform and prompted further investments. However, she later discovered that her bank account had been blocked.
Upon contacting her bank, she realised that she had fallen victim to fraud. She subsequently filed a complaint with the Mangaluru CEN Crime Police.
Police have registered a case and launched an investigation into the incident. Authorities have once again urged the public to exercise caution while investing through online platforms and to verify the authenticity of financial applications before sharing personal or banking details.
Source: Local reports
