Mangaluru: Man fleeced of Rs 1.24 crore on pretext of cryptocurrency investment

Daijiworld Media Network – Mangaluru (MS)

Mangaluru, Mar 16: A fraudster, who introduced himself as an authorised stock market trader, made a person believe that it is possible to get huge profits in cryptocurrency trading and fleeced Rs 1.24 crore. The matter has come to light after much delay.

The victim was interested in investing in cryptocurrency. The person got acquainted with Jijo John Puttenaveetil, a native of Kerala, in March 2021, through one of his colleagues. Jijo introduced himself to the victim as a stock market trader.

As it was Covid time, the victim did not meet Jijo personally. Jijo gave information on cryptocurrency through a WhatsApp call and asked the victim to invest. Jijo promised to pay 10% returns every month on the invested amount.

The victim transferred Rs 41 lac in various phases from March 23 to June 1, 2021 through NEFT and IMPS. In October, the victim took Rs 67 lac from various banks and invested Rs 60 lac again. Accused Jijo paid only Rs nine lac in the month of September 2021.

The victim waited that Jijo might send returns to him and came to know that he has been taken to ride by the fraudster as he did not pick up his calls for a long time. A case is filed in this regard in CEN police station of the city.





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Comment on this article

  • Rita, Germany

    Thu, Mar 16 2023

    I simply dont understand peoples greed for investing money in no mans land .But such a amount?Without personally seeing,or only contact through internet ?When someone has too much money can kindly transfer to my account.We say Athi aase ,gathi kedu.He took loan and sent money thinking high return ?Now even God cant help.

    DisAgree Agree [1] Reply Report Abuse

  • damian, bejai

    Thu, Mar 16 2023

    A known thief is far better than an unknown saint. Everybody is a fool of somebody ( but to what extent is what matters). 1.24 Crore?? really??

    DisAgree [1] Agree [7] Reply Report Abuse

  • John Tauro, M'lore

    Thu, Mar 16 2023

    This is a new trend in fraud. Some social media friends (personally unknown), Indians claiming to have settled in UK and Canada, have lured me to invest in cryptocurrency or bitcoins. But I will not without knowing them personally and without knowing the abc of it.

    DisAgree [1] Agree [11] Reply Report Abuse

  • Chandu, Karla

    Thu, Mar 16 2023

    What an idea Sirji .......very easy way of making money ....... magic of digital marketing and Jijo gone Jo...... Jo... Jo.....!!!!! Sorry Chetaa....!!!!!

    DisAgree Agree [7] Reply Report Abuse

  • k b r, Mangala Uru

    Thu, Mar 16 2023

    once again fraudster from indo - Somalia....

    DisAgree Agree [9] Reply Report Abuse

  • Prakash, Mlore

    Thu, Mar 16 2023

    Something more should be there to his charisma. Otherwise lending over one crore is no joke for even a biggest fool.

    DisAgree [1] Agree [17] Reply Report Abuse

  • real kujuma, kodial

    Thu, Mar 16 2023

    acche dins for chors...looteras and promised by the gujju duo in delhi...

    DisAgree [8] Agree [17] Reply Report Abuse

  • prakash, Manipal

    Thu, Mar 16 2023

    Greed is the root cause for misery.... There is no short cuts to good things in life... Always we must remember that one in hand is better than two in bush.... Nowadays we can not trust our own shadow.... Our own people often try to sink us.... In that the guy trusts some unknown entity with his hard earned money.... Sad but these type of incidents will keep repeating.... Conmen keep changing n updating traps....

    DisAgree Agree [19] Reply Report Abuse

  • Dinesh, Dubai

    Thu, Mar 16 2023

    Why people fail to recognize Feku.......???.

    DisAgree [6] Agree [24] Reply Report Abuse

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Title: Mangaluru: Man fleeced of Rs 1.24 crore on pretext of cryptocurrency investment

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