In a shocking case that exposes the dark underbelly of investment scams, a family from Udupi district has been duped of a staggering ₹1.45 crore by fraudsters posing as officials from the Prime Minister's Employment Generation Programme (PMEGP).
The Elaborate Deception Unfolds
The victims, identified as a couple and their relative from Udupi's Kadekar village, were initially contacted by the fraudsters who promised them lucrative returns through the government scheme. The scammers employed sophisticated psychological tactics, gaining the family's trust over an extended period before making their move.
How The Scam Operated
The fraud followed a carefully orchestrated pattern:
- Initial contact was made through professional-looking communication channels
- Fraudsters presented fabricated documents and official-looking paperwork
- Victims were promised high returns on their investment in the government scheme
- Multiple transactions were requested under various pretexts
- The scheme lasted several months, building false confidence
Police Investigation Underway
Mangaluru police have registered a case and launched a comprehensive investigation into the massive financial fraud. Preliminary findings suggest the involvement of an organized racket that specifically targets individuals seeking benefits from government employment schemes.
Warning Signs Everyone Should Know
Financial experts and law enforcement officials emphasize several red flags:
- Unsolicited offers for government schemes
- Requests for large upfront payments
- Pressure to act quickly on "exclusive" opportunities
- Communication through unofficial channels
- Promises of unusually high returns
The case serves as a stark reminder for citizens to verify all investment opportunities through official channels and report suspicious offers to authorities immediately.
