Udupi: Man cheated of Rs 15.95 lakh in fake e-commerce investment scam

Udupi: A 30-year-old man from Kumragodu village in Brahmavar has been cheated of nearly Rs 15,95,005.90 in an online investment fraud linked to a fake e-commerce and digital marketing scheme.

In a complaint, Arun Acharya said that he received an advertisement on his Instagram account on July 22, 2024, from an entity named “E BOSS Marketing & Services Company.” The advertisement claimed to offer opportunities in e-commerce, digital marketing, and dropshipping.

Following which Arun contacted the mobile number provided in the advertisement. The accused then communicated with him through WhatsApp and imparted training on investing money and fetching profits. Initially, the complainant was paid high returns on his investment, which gained his trust.

Believing the scheme to be genuine, Arun transferred money in a phased manner from September 2024 to December 19, 2024 to the accounts of E BOSS Marketing & Services Company, allegedly owned by Har Simran Singh. The total amount transferred through NEFT transactions was Rs 15,95,005.90.

However, after receiving the money, the accused neither paid any further profits nor returned the invested amount, thereby cheating the complainant.

Based on the complaint, Brahmavar Police have registered a case under sections 66(C) and 66(D) of the Information Technology Act.