Bengaluru: Three men duped crores from techies by posing as fund managers; held
Team Udayavani, Jan 23, 2021, 2:00 PM IST
Bengaluru: Central Crime Branch personnel have arrested three persons who in the guise of professional finance managers duped techies with high net worth.
The accused are identified as K Stephen Jones of Goldsmith apartment in Kothanur, Raghavendra SR of NRI Layout, Kalkere and S Manjunath of Vidyaranyapura
It is said that the accused targeted gullible IT professionals, who are essentially high networth individuals, and wanted to invest their ‘excess money’ in shares, debentures or mutual funds. They introduced themselves as share brokers/fund managers of reputed banks. They used to lure the techies into taking hefty loans from private banks to invest the amount in shares.
CCB has recovered real estate properties valued around Rs 8 crore and three high-end cars like BMWs and Audis from the three
The incident came to light when a victim, identified as DS Satish, a software engineer, filed a cheating complaint
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
BESCOM to organise EV expo for Secretariat employees in Jan 2025
Siddaramaiah rules out immediate Cabinet expansion, hints at Nagendra’s induction later
Mangaluru to host two-day multicultural festival from Dec 3
Udupi: MGM College ‘Amrita Mahotsava’ exhibition captivates visitors
Karnataka health minister urges for collaborative effort to improve dementia care
MUST WATCH
Latest Additions
Priests’ entry in Ayodhya Ram temple to be banned in case of death, birth in their family
Opposition spreading propaganda against NDA, crushing spirit of Constitution: PM Modi
BESCOM to organise EV expo for Secretariat employees in Jan 2025
Siddaramaiah rules out immediate Cabinet expansion, hints at Nagendra’s induction later
Mangaluru to host two-day multicultural festival from Dec 3
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.