Udupi resident loses over ₹5 lakh in fraud
A 66-year-old man in Udupi was defrauded of over ₹5 lakh by an individual promising membership to a 'Friendship Club'. Local police have registered a case under the Bharatiya Nyaya Sanhita and the Information Technology Act.
Why it matters
This highlights the rising prevalence of financial fraud targeting elderly individuals through digital and social engineering tactics.
A 66-year-old man from Udupi was defrauded of ₹5.11 lakh by a fraudster on the pretext of offering him membership of a club.
In a complaint to the Udupi Town police, the victim said he transferred a total of ₹5.11 lakh from his State Bank of India account between June 27 and July 14 to obtain membership of the Friendship Club. Realising that he had been cheated, he lodged a complaint.
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