Mon Nov 11 02:26:42 UTC 2024: ## Homemakers Duped in Bengaluru Loan Scam, Police Launch Investigation
**Bengaluru, November 11, 2024:** The High Grounds police in Bengaluru have registered a case against a woman and her associates for allegedly defrauding numerous homemakers under the guise of offering loans.
The accused, identified as Reshma Banu, Tausia Anjum, Anand, and others, allegedly floated a cooperative society promising loans ranging from ₹1 lakh to ₹25 lakh to homemakers interested in starting new businesses. They claimed the loans would be disbursed within 15 days under a self-help scheme.
Victims, attracted by the scheme’s promises, paid a processing fee of ₹3,000 to ₹5,000 to enroll. The accused even offered incentives to members who recruited more participants. However, after collecting the processing fees, the accused shut down their office and fled, only to reappear in a different part of the city using the same fraudulent scheme.
A complaint filed by one of the victims prompted the police to initiate an investigation. The accused have been booked under charges of cheating, criminal breach of trust, and intentional insult to provoke breach of peace. The police are currently searching for the accused.
First Piper 