The Central Crime Branch (CCB) has registered an FIR against three women for allegedly running an illegal chit fund and lending money at exorbitant interests and threatening a borrower and her family over repayment.
The accused have been identified as Susheelamma, 50, Rakshitha, 33, and Navaneetha, 26. All three are residents of Sri Veerallappaswamy Nilaya in Vinayaka Layout, Hulimangala, Bengaluru.
According to the complaint filed by Tejaswini D.S., Deputy Registrar of Chit Funds, Bengaluru Urban district, the accused allegedly lent the complainant ₹16.09 lakh without the required licence and attempted to recover excessive interest.
The complainant alleged that she had already repaid ₹38.60 lakh to the accused. Despite this, they allegedly pressured her to pay another ₹26.09 lakh, comprising the claimed principal of ₹16.09 lakh and ₹10 lakh as interest.
The accused allegedly threatened to kill the complainant and her family if the amount was not paid. They also reportedly threatened to use their political connections and the police influence to harass her.
The FIR has been registered under Sections 39 and 41 of the Karnataka Money Lenders Act, 1961; Sections 3 and 4 of the Karnataka Prohibition of Charging Exorbitant Interest Act, 2004; and Section 318(4) of the Bharatiya Nyaya Sanhita.
The CCB is investigating the alleged illegal collections and the amount recovered from the complainant.
Published - October 05, 2026 06:59 pm IST