Stock trading fraud: Police arrest man for cheating 30 investors

Mangaluru: A man who allegedly cheated many by promising good returns from investing money in the equity markets was nabbed by the police.

The accused is identified as Harman Joyson Lobo a native of Belthangady.

Mangaluru Police Commissioner N. Shashi Kumar said that Harman had collected more than Rs 59 lakh from 30 investors for online share trading.

In this regard, a case had been registered at the Bunder police station.