By ETF Desk
In a court‑ordered operation, police in Udupi arrested a married couple on Thursday after accusations surfaced that they diverted about ₹23 lakh from a community self‑help fund. The alleged fraud involved channeling the group's savings into personal accounts for an extended period, undermining members’ financial security.
Local residents of Udupi reported the irregularities to authorities, prompting a thorough investigation. According to sources, the couple was apprehended at their home in the Mardol area and are now under police custody awaiting further legal proceedings.
This arrest underscores the growing scrutiny of self‑help groups in Karnataka, where community savings schemes are shouldered with both trust and risk. The case seeks to restore confidence among group members and could lead to stricter monitoring of such financial collectives. Source: Google News – Udupi.