Bailhongal man loses Rs 9.2 lakh in online investment scam linked to fake markets platform

BELAGAVI: A resident of Bailhongal has fallen victim to an online investment scam. He was lured with fake promises of high returns through a fake company called ‘Orionex Markets’. The fraudsters deceived the victim of a total of Rs 9,23,948, claiming that investing in their platform would yield large profits due to the current surge in gold prices.

The victim, Praveen Anant Renike, a resident of Bailhongal, lodged a complaint at the District Cyber Economic and Narcotics (CEN) Police Station in Belagavi. On October 13, he received a WhatsApp message from an unknown number linked to his bank account.

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