A 41-year-old man from Mysuru, J Jagadish, was cheated of ₹9.60 lakh and his mobile phones in a gold coin scam in Karnataka’s Anandapura police limits. The accused lured him with fake treasure coins, staged a fake police drama, and fled with the cash. The incident began on June 1, 2026, when Jagadish received a call from an unknown number, claiming to have discovered a hidden treasure of gold coins and offering to sell them at a low price. The scammer even displayed the coins during a video call to gain his trust.
Jagadish believed the story and travelled to Harihar on June 2, where two members of the gang handed him a gold coin and asked him to verify its purity. After returning to Mysuru and testing the coin, he found it to be genuine gold, which further strengthened his trust in the group. The scammers then contacted him again and offered to sell half a kilogram of gold coins for ₹10 lakh. Jagadish secured a loan of ₹10 lakh from a finance company by pledging his house documents and providing a security cheque. On June 4, Jagadish, along with his son-in-law Manoj and driver Rohit Singh, travelled to Joginagadde village in Sagara taluk to complete the transaction.
However, the situation suddenly escalated when four unidentified men arrived on two bikes, pretending to be police officers. They questioned Jagadish and his companions aggressively, asking where they were from and whether they were involved in illegal activities. In the confusion, the initial scammers panicked and shouted that police had arrived. They snatched the bag containing ₹9.60 lakh from Jagadish, along with the bag of coins, and fled the scene. The impersonators also took mobile phones from Jagadish and his son-in-law before escaping on their bikes. The Anandapura police have launched an investigation and are currently tracking the accused, led by PSI Praveen. Jagadish has filed a complaint against a man identified as Manju and five others who are yet to be identified.
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