Udupi: Four arrested in online trading fraud case

Team Udayavani, Aug 23, 2024, 8:53 AM IST

Udupi: Police have arrested four individuals in connection with an online trading fraud case and seized Rs 13 lakh in cash.

According to police, the suspects allegedly lured the victim into joining a WhatsApp group, claiming it was part of the Motilal Oswal Private Wealth Management Group. They provided him with an account number and convinced him of potential high returns. Believing the claims, he deposited a total of Rs 33.10 lakh. Following his complaint, a case was registered at the CEN Police Station.

A special team was formed to investigate, leading to the arrest of the accused — Muhammad Mustafa P. (36) from Puttur, Khaled B. (39) from Kumble, Muhammad Safwan K.A. (22) from Kasaragod, and Satish Shetty (22) from Mangaluru. The police recovered five mobile phones and Rs13 lakh in cash from them. The main conspirators are still at large, the police said.

The operation was carried out under the guidance of District Superintendent of Police Arun Kumar, with the assistance of Additional SP Siddalingaiah T.S., Parameshwar Hegde, Inspector Ramachandra Nayak, ASI Rajesh, and other personnel including Praveen Kumar, Arun Kumar, Venkatesh, Yathin Kumar, Raghavendra, Prashanth Prasanna C, Salman, and driver Sudeep.