Wednesday, March 3, 2021
Sarbat Sehat 40 5

Markfed Sohna New

Verka Ice Cream

Innocent Hearts INNOKIDS Banner

Three ‘fund managers’ arrested for duping crores from Bengaluru techies

- Advertisement -

Bengaluru, Jan 22, 2021-
The Bengaluru Central Crime Branch personnel have arrested three men, who in the guise of professional finance managers, duped high networth techies in the city, a statement said on Friday.

The CCB has recovered real estate properties valued around Rs 8 crore and three high-end cars like BMWs and Audis from the three, identified as Stephen Johns, 35, Kalakere Raghvendra, 34, and Manjunath, 43, all residents of Bengaluru.

“Johns and Raghvendra were always looking at gullible IT professionals, who are essentially high networth individuals, and wanted to invest their ‘excess money’ in shares, debentures or mutual funds. These accused persons used meet them and introduce themselves as share brokers/fund managers of reputed banks,” the police said.

According to the police, the accused had their own ‘share marketing company’, which they closed down after carrying out a series of frauds.

The statement added that these accused used to lure techies to take hefty loans in private banks to invest in shares and assure them double their money in a short time, and many fell prey to their scam.

The police said that they used to impress gullible investors by meeting them in their luxurious cars or in top restaurants.

“Some time ago, software engineer, Satish filed a formal complaint with Chandra Layout Police, which later referred to the CCB. The CCB started on their trail, all three accused were arrested and high value real estate properties registered under their name were also recovered,” the statement read. (Agency)

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -Bibi Jagir Kaur Guru Gobind Singh Prakash Purab Banner

Stay Connected

20,438FansLike
112,826FollowersFollow

ENTERTAINMENT

Sonu Sood to launch blood bank app

Mumbai, March 3, 2021- Actor Sonu Sood is going to launch what is expected to be India's biggest blood bank, through an app named Sonu...

Bipasha Basu goes cycling in black bikini

Mumbai, March 2, 2021- Bollywood actress Bipasha Basu says she loves cycling. The actress has posted a video that sees her cycling in Maldives. In...

Bigg Boss 14 - The Latest

National

GLOBAL

OPINION

Bill Gates

Target Net Zero by 2050 – By Asad Mirza

In his new book on climate change and its adverse impact in the future, Bill Gates urges everyone to remember two things: Net Zero...
Farmers Protest againt Farm Laws in Delhi

All India Kisan Agitation against 3 Farm Laws & the deadlock – by KS Chawla

Almost three months have passed since the 41 kisan unions of the country have launched agitation against the three farm laws passed by the...
amarinder jakhar

Congress captures Urban Bodies in Punjab leaving others far behind – by KS Chawla

The Congress Government led by Amarinder Singh has captured the Local Bodies in the elections to the eight Municipal Corporations and 109 Municipal Councils...

SPORTS

Health & Fitness

Meditation

Meditation for happiness, peace goes up as one ages: Survey

New Delhi, March 1, 2021- What makes Indians meditate? According to a recent survey by meditation and mindfulness app ThinkRight.me, it is the pursuit of happiness, peace, and personal growth that keeps most Indians going in the meditatation sphere. Spanning 1,000 individuals between the age group of 18 to 60 years, across Mumbai, Delhi, Bengaluru, and Pune, the survey also cites...

Gadgets & Tech

error: Content is protected !!