Two arrested for running ponzi scheme in Belagavi
Belagavi Police have arrested two individuals for operating a ponzi scheme that defrauded 254 investors of approximately ₹25 crore. The accused allegedly lured victims with promises of high interest rates through their company, Sridevi Kooge Venture Private.
Why it matters
This incident underscores the risks of unregulated financial schemes and the importance of investor vigilance.
Belagavi Police have arrested two men on the charge of running a ponzi scheme and duping customers to the tune of ₹25 crore.
The article is a straightforward report on a criminal investigation and police action.
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