Mysuru, Nov. 2 -- 125 from six districts fall victim to stock market swindle

A massive financial fraud has come to light in Mysuru, where over 125 unsuspecting individuals were duped of more than Rs. 80 crore. The accused lured victims with promises of high returns through stock market trading.

The prime accused are S. Shruthi, a resident of an apartment in Bengaluru; Ramachandra Hegde, a priest from Krishnamurthypuram in Mysuru and Rajkumar, who resides near Ballal Circle, Mysuru. All three allegedly orchestrated the scam under the guise of stock trading, siphoning off crores of rupees.

Inspector Sunil of the Mysuru District CEN (Cyber Economic and Narcotics) Police Station registered the case and arrested Shruthi and Ramachandra Hegd...