Udupi woman cheated of Rs 11.75 lakh in online trading scam

Udupi: A woman in Udupi has been cheated of Rs 11.75 lakh in an online trading scam after being lured through a YouTube video and a WhatsApp group promising high profits.

In a complaint, the victim said that she initially came across a YouTube video related to “Amar Ujala Bonus” trading and downloaded an app by the same name to learn about stock trading. About 15 days later, she was added to a WhatsApp group titled “A20 Stock Market Profit Guide,” where online classes on trading were conducted.

The accused later shared a link and instructed her to download another application named “SALT CAP.” She was asked to complete KYC formalities in the app. Subsequently, she was guided to invest in a trading firm called “Saltovo Capital Exclusive Stock Account.”

Following the instructions of the accused, Sahana transferred money in multiple installments to various bank accounts between March 6, and March 14. In total, she transferred Rs 11,75,000.

However, neither the invested amount nor any promised returns were paid. Realising she had been cheated, she approached the police.

A case has been registered at the CEN Police Station under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the BNS.