Fraud by doubling money – 86 lakh panganama for a friend

Bangalore: An incident took place in Bangalore’s Nagarabhavi where a friend was given 86 lakhs as a panganama for duplicating money. Harish, a four-year-old boy friend, betrayed his trust.

Accused Harish had told Chandrasekhar that he was working in Angel Broking Trading Company. He believed that if he invests money in this company, he will get double money. Believing his friend, Chandrasekhar initially invested 2 lakhs. Last two years ago, he had invested 6 lakhs for three consecutive months. Later, fraudster Harish gave dividends on the investment money. Believing this, Chandrasekhar borrowed money from his wife and friends.

Chandrasekhar has invested 66 lakhs in an angel smoking company. 35 lakhs was transferred through RTGS. Then he transferred 31 lakhs through bank, phone pay, google pay. Apart from that, Chandrasekhar had given 20 lakhs in cash. 20 lakhs in cash at Srinidhi Hotel in Anchipalya near Kengeri.

In June 2024, Chandrasekhar had given 86 lakhs in stages and 1.15 crores including dividend was said by fraudster Harish. After a few days, Ainati Harish started playing the game. He told me that there is some problem regarding the commission, give me some time. When asked for money, the crook used to make excuses and put it forward. Then he switched off his mobile phone and ran away from home.

Chandrasekhar had lodged a complaint at the police station as he came to know about the cheating. An FIR was registered against Harish at the Kumbalgodu police station. At present, the accused has been arrested after six months and is being interrogated in police custody. Also, the investigation is continuing on the suspicion that more people have been cheated in this way.

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