Udupi: Woman cheated of Rs 12 lakh in money transfer scam

A woman fell victim to a fraudulent money transfer scheme, resulting in a loss of Rs 12,04,400 from her SBI account. The incident unfolded when the woman received an enticing call on her mobile number promoting a multi-asset portfolio.

Trusting the caller's pitch, the woman transferred the aforementioned sum of money in three installments. However, the situation took a grim turn when the person who had received the funds abruptly switched off their mobile number, leaving her in the dark and her money unaccounted for.

Frustrated and concerned, the woman decided to report the incident to the authorities, leading to the registration of a case at the Manipal Police Station. The investigation into this unfortunate scam is currently underway to apprehend the culprits.