Mysuru, June 28 -- Another man duped of Rs. 88.12 lakh in bogus U.S. tax return scheme

A Mysuru city-based entrepreneur and six of his acquaintances have allegedly been cheated of nearly Rs. 2.75 crore in a trading scam, while in another incident, a resident lost Rs. 88.12 lakh after falling victim to a fake investment scheme.

Separate cases have been registered at the Vidyaranyapuram and Cyber, Economic and Narcotics (CEN) Police Stations.

According to the Police, the businessman from J.P. Nagar came in contact with one Gaurav Singh Rathod of Jharkhand in July 2025. Rathod allegedly lured him into investing in a trading business by assuring that the investment was safe, could be withdrawn at any time and would fetch monthly returns of...