Mangaluru: Mangaluru Police have arrested a man who allegedly scammed many people by promising good returns from investing in the stock market.

The accused is identified as Harman Joyson Lobo, a Belthangady native.

Mangaluru Police Commissioner N. Shashi Kumar informed that Harman had collected more than Rs. 59 lakh from 30 investors for online share trading.

A case had been filed in this regard at the Bunder Police Station.