Image showing a handcuff and the word fraud. (For representational purposes.)
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Bengaluru: A deputy manager at the Karnataka State Financial Corporation (KSFC) and her husband have been accused of cheating a TV and cable business owner of Rs 17 lakh.
The Basaveshwaranagar police are investigating the case filed by local resident Nagaraju P against Kavitha B and Hemanth Kumar M.
Nagaraju, a TV and cable operator in Manjunathanagar, claimed the couple borrowed the amount in two installments in 2021 to buy land.
The police said that Rs 12 lakh was transferred via NEFT to Hemanth’s bank account on November 19, 2021, after Kavitha allegedly raised concerns about a government inquiry if the money was sent to her account. The remaining Rs 5 lakh was paid in cash on December 28, 2021. On both occasions, on-demand promissory notes were provided as assurance.
Nagaraju said that Kavitha issued a cheque for Rs 17 lakh dated June 2, 2025, after repeated delays and excuses. The cheque bounced.
On June 4, when confronted, she allegedly admitted to stopping the payment, threatened the complainant and used abusive language, claiming connections with politicians and rowdies, the police added.
A case has been registered under sections 318 (cheating) and 351 (criminal intimidation) of the Bharatiya Nyaya Sanhita (BNS). A probe is underway.