Udupi Couple Arrested in ₹23‑Lakh Self‑Help Group Fund Scam
By ETF Desk
In a crackdown on financial fraud, a couple from Udupi were arrested on Friday after law enforcement authorities uncovered a ₹23 lakh scam linked to a local self‑help group.
The alleged misappropriation involved the siphoning of money that had been deposited by women members of the group, which is meant to empower local women through pooled savings and micro‑credit. Investigations revealed that the couple had accessed the group’s accounts and transferred the funds to unspecified accounts without the members' consent.
Community leaders have expressed deep concern over the loss of savings and the erosion of trust in local cooperative schemes. The police are pursuing the case under the provisions of the Prevention of Money Laundering Act and the Indian Penal Code. Source: Google News – Udupi.