The Hindu·2 min read·easy
Police arrest two on the charge of running ponzi scheme
T
The Hindu Bureau
✦AI Summary
Bagalkot Police have arrested two individuals accused of running a ponzi scheme that defrauded women of over ₹43.40 lakh. Authorities seized financial records and computers following a protest by victims in Bilagi.
Bagalkot Police have arrested two men on the charge of running a ponzi scheme and duping several women on the promise of higher interest, according to Sri Durga Devi Women Rural Development Organization president Vidya Hallur and secretary Rachana Bantanur. The organisation is in Bilagi.
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