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The Times of India
The Times of India
National
TNN

Businessman loses Rs 26 lakh to coin fraud in Karnataka, kills himself

BENGALURU: Duped by an online fraudster who promised to pay Rs 56 lakh for a Re 1 coin minted six decades ago, a 46-year-old businessman here died by suicide after setting himself ablaze on an isolated road.

Aravind, the owner of a gift shop in Chikkaballapura (60km from Bengaluru), lost Rs 26 lakh he had raised from his friends and by pledging his wife's jewellery without her consent to fraudsters who convinced him it's for a processing fee. He left a suicide note explaining what drove him to take the extreme step late Tuesday night.

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