Woman among seven arrested for duping people of crores

BENGALURU: A 47-year-old woman is among seven people who have been arrested for duping several people of crores of rupees by promising them higher returns. Among the victims is a Hebbal resident who was duped of Rs 4 crore.

The arrested Kalpana would tell her victims that her money had been seized by the Enforcement Directorate and RBI and that she would give them higher returns for their money once her funds were released after ‘inspection’ in May. She took the money from people claiming that she had to give money for the ‘inspection’.

Jayanth and his family have given Kalpana Rs 4 crore; (right) another victim of cheating.

Kalpana hails from Channarayapatna. She would dupe her victims by promising them more money and land. In six years, she is believed to have duped several people to the tune of Rs 23 crore.

She first defrauded her friends and relatives of Rs 3 crore by promising returns through a multi-level marketing type money doubling scheme. She later claimed that her money was seized by the ED and deposited with the RBI.

Deputy Commissioner of Police (North) Saidulu Adawath said a case has been registered and further investigation is under way.