Bengaluru: A 30-year-old man from Jayanagar lost more than RS 2.2 Crore to a man who lured him to invest in the real estate business and Cryptocurrency.
Police Jayanagar enrolled a cheating case against the suspect, Santosh TS, based on the complaint submitted by the victim, Dhanraj S on January 14.
Dhanraj said he knew Santosh since 2014 and wanted to invest money that produced high refunds.
Santosh assured him to invest it in the real estate business and Cryptocurrency.
Dhanaraj gave Rs 30 Lakh to Santosh in September last year.
Lots of cash and online transfers followed, and in all he invested Rs 2.25 Crore.
However, he realized that he was cheated when Dhanesh said he invested in the exchange of UOB, Bitcoin, and Cryptocurrency but lost all the money.