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The Hindu·2 min read·easy

Two arrested for running ponzi scheme in Belagavi

T
The Hindu Bureau
Two arrested for running ponzi scheme in Belagavi
AI Summary

Belagavi Police have arrested two individuals for operating a ponzi scheme that defrauded 254 investors of approximately ₹25 crore. The accused allegedly lured victims with promises of high interest rates through their company, Sridevi Kooge Venture Private.

Belagavi Police have arrested two men on the charge of running a ponzi scheme and duping customers to the tune of ₹25 crore.

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