Bengaluru Contractor Falls Victim to Money-Doubling Scam, Loses ₹28 Lakhs
Bengaluru: In Bengaluru, a contractor named Ramesh has lost ₹28 lakhs in a money-doubling scam. The fraudsters, posing as investment agents, promised to triple the investment within 90 days.
They convinced Ramesh to hand over the money, claiming that he would receive ₹3 lakhs for every ₹1 lakh invested. After receiving the funds, the suspects vanished, leaving Ramesh in distress.
The police have arrested three individuals, including Vijay and Krishna Singh, and have recovered ₹40 lakhs in total. Authorities urge the public to be cautious and report any suspicious activities, as similar cases are likely to exist. Ramesh’s case highlights the ongoing issue of financial scams, where individuals are lured by the promise of quick returns.
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