Bengaluru businessman cheated of ₹3.5 crores through 'rice-pulling' scam
The businessman, Syed Saleem, a resident of Gurappanapalya in BG Road, has lodged a cheating complaint with Tilaknagar police.
A 34-year-old Bengaluru-based businessman got cheated of ₹3.5 crores by a group of people on the pretext of testing a 'rice-pulling' equipment, which they claimed agencies like NASA has interest in purchasing. "They said the equipment could be sold to NASA for a higher profit," the victim said. The businessman approached the police after the accused stopped taking his calls.
The 'rice pulling' scam involves fraudsters marketing a 'rice puller' device made up of copper/iridium that they claim to possess magical properties and attract rice grains towards it. They even claimed agencies like NASA have an interest in purchasing for astronomical sums.
The businessman, Syed Saleem, a resident of Gurappanapalya in BG Road, has lodged a cheating complaint with Tilaknagar police. A case got registered and police are searching for the accused.
The accused allegedly asked Rs 3.5 crore from Saleem to rent specially designed anti-radiation suits and other devices from defense research organizations to demonstrate the rice-pulling equipment to him.
Saleem initially deposited nearly Rs 2 crore and gave Rs 1.5 crore in installments. Saleem finally got a whiff that he got duped after the accused stopped taking his calls.