Karnataka man arrested for duping 800 people of Rs 50 crore in investment scam

A 58-year-old man in Karnataka’s Kalaburagi was arrested for defrauding 800 investors of over Rs 50 crore through fake investment schemes. He ran ‘Venus Enterprises,’ promising 15–20 per cent monthly returns. Police are investigating accomplices and tracing funds.

Karnataka man arrested for duping 800 people of Rs 50 crore in investment scam
A 58-year-old man in Karnataka’s Kalaburagi was arrested for defrauding 800 investors of over Rs 50 crore through fake investment schemes. He ran ‘Venus Enterprises,’ promising 15–20 per cent monthly returns. Police are investigating accomplices and tracing funds.