Belagavi man loses ₹20 lakh to online fraud

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A nonmigratory of Mutaga colony successful Belagavi territory has complained to the Cyber Economic and Narcotic Police successful Belagavi that online fraudsters person relieved him of astir ₹20 lakh by promising precocious returns.

Someone added the fig of Bhushan Patil to a WhatsApp radical named “D85 Ashta Trade Market Thinking Alliance” saying, if helium transferred wealth to immoderate slope accounts, helium volition get backmost treble the amount.

Since October 2025, helium went connected depositing wealth successful assorted slope accounts, reasoning helium was investing successful shares and Initial Public Offerings. The accused were utilizing a mobile exertion that went connected showing purported precocious returns to investors.

But erstwhile helium tried to retrieve the amounts, helium failed. After repeated failures to get his wealth back, helium approached the police. A lawsuit has been registered.

Published - May 18, 2026 06:26 p.m. IST

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