Mangaluru: Three youths duped of over Rs 14 lakh in online investment scam

Mangalore Today News Network

Mangaluru, December 12, 2025: Three youths from Mangaluru have lodged a complaint with the police, alleging that they were cheated of over Rs 14 lakh by a man who collected money after promising high returns through an online investment scheme over a three-year period.

In a complaint filed at the Cyber Economic and Narcotic Crime (CEN) police station, a 25-year-old victim stated that he came into contact with one Mohammed Faizan on Instagram. Faizan had assured substantial returns by 2026 if they invested online. The victim transferred a total of Rs 5.3 lakh to Faizan between March 3, 2023 and May 15, 2023. His friend transferred Rs 2.07 lakh between February 15 and 19, 2023, while another friend sent Rs 7.37 lakh during the same period.

As the maturity date approached, the three attempted to contact Faizan, but his phone was switched off and his Instagram account had been blocked.

The CEN police have registered a case under relevant sections of the Information Technology Act and the Bharatiya Nyaya Sanhita, officials said.