Bengaluru Woman Arrested in Crores-Rupee Kitty Party Scam

A 49-year-old Bengaluru woman, identified as Savitha, has been arrested for allegedly defrauding over 20 women out of crores of rupees through a sophisticated investment scam operated within the seemingly harmless setting of kitty parties.

“Paisa Double” Gold Investment Scheme

Savitha reportedly befriended wealthy women at these social gatherings, boasting of close connections with influential politicians to gain their trust. She then lured them into a fraudulent “paisa double” scheme, promising incredibly high returns – sometimes even quadrupling their investment – on gold purchased in the UAE. This enticing offer, coupled with her claims of political connections, convinced many to invest substantial sums.

Previous Arrest and Bail

This is not Savitha’s first brush with the law. Authorities have revealed that she was previously arrested in a similar case and was out on bail at the time of these alleged offenses. The current arrest follows complaints filed by over 20 of her victims, who realized they had been swindled out of significant amounts of money. The investigation is ongoing, and authorities are working to uncover the full extent of the scam.