Bengaluru: Three men duped crores from techies by posing as fund managers; held


Team Udayavani, Jan 23, 2021, 2:00 PM IST

Bengaluru: Central Crime Branch personnel have arrested three persons who in the guise of professional finance managers duped techies with high net worth.

The accused are identified as K Stephen Jones of Goldsmith apartment in Kothanur, Raghavendra SR of NRI Layout, Kalkere and S Manjunath of Vidyaranyapura

It is said that the accused targeted gullible IT professionals, who are essentially high networth individuals, and wanted to invest their ‘excess money’ in shares, debentures or mutual funds. They introduced themselves as share brokers/fund managers of reputed banks. They used to lure the techies into taking hefty loans from private banks to invest the amount in shares.

CCB has recovered real estate properties valued around Rs 8 crore and three high-end cars like BMWs and Audis from the three

The incident came to light when a victim, identified as DS Satish, a software engineer, filed a cheating complaint

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