Man duped of Rs 46 lakh in online trading scam in Mangaluru

A Mangaluru man lost Rs 46 lakh in a stock market trading scam after receiving a WhatsApp message from a fraudster posing as a representative of ARES Management Corporation. Lured with the promise of 500% profit, he transferred the money in phases. When he tried to withdraw, he was asked for an additional Rs 8.