[PERSON]
Bharat (Devaraj)
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Situations
Karnataka financial fraud investigations
2 clusters · 2 sources · last updated
Latest: Bengaluru woman loses Rs 2.5 crore to fake godman and accomplices
In July 2026 Karnataka police announced the dismantling of a fake gold‑loan operation that had raised about Rs 28.9 lakh from borrowers. The raid signalled a broader crackdown on fraudulent lending schemes in the state.