Bengaluru – A massive financial fraud has shaken Bengaluru as the Bengaluru Woman Paisa Double Scam orchestrated by 49-year-old Savitha came to light, exposing a sophisticated network that defrauded over 20 women of crores of rupees. The Basaveshwaranagar police have arrested Savitha and six accomplices in connection with this elaborate Bengaluru Woman Paisa Double Scam that targeted wealthy women through kitty parties and fraudulent investment schemes.
The Bengaluru Woman Paisa Double Scam operated through a carefully planned strategy where Savitha would befriend affluent women during morning walks and later invite them to kitty parties. During these social gatherings, she would propose lucrative investment opportunities, particularly focusing on gold purchases in Dubai at allegedly lower rates with promises of returns up to four times the original investment.
The Modus Operandi Behind the Scam
Savitha’s approach in executing the Bengaluru Woman Paisa Double Scam was methodical and calculated. She would first establish trust by claiming close connections with prominent politicians, including the Chief Minister, Deputy Chief Minister, and Karnataka Minister MB Patil. This name-dropping strategy was crucial to the success of the Bengaluru Woman Paisa Double Scam, as it gave her credibility among potential victims.
The accused would specifically target morning walking groups where wealthy women congregated, identifying potential victims based on their lifestyle and financial status. Once she established friendships, Savitha would gradually introduce investment proposals, making the Bengaluru Woman Paisa Double Scam appear legitimate through her alleged political connections and fabricated success stories.
Her investment pitches primarily focused on gold purchases in the UAE, where she claimed her husband was working. The promise of quadrupling investments within two years became the cornerstone of the Bengaluru Woman Paisa Double Scam, attracting victims who were seeking high returns on their savings.
Kusuma’s Tragic Loss
The primary victim whose complaint led to the exposure of the Bengaluru Woman Paisa Double Scam was Kusuma, a homemaker and widow living with her parents and son in Bengaluru. According to the First Information Report (FIR), Kusuma had known Savitha for three decades, making her betrayal particularly devastating.
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The friendship between Kusuma and Savitha had involved business transactions since 2020, which provided the foundation for the later fraud. In 2023, Savitha approached Kusuma with the Dubai gold investment scheme that would become central to the Bengaluru Woman Paisa Double Scam. Kusuma, trusting her long-time friend, invested Rs 24 lakh – her entire life savings accumulated with her late husband.
The money transfer in the Bengaluru Woman Paisa Double Scam was systematically executed across multiple recipients. Kusuma transferred Rs 2.25 lakh to Savitha’s brother, Rs 19.85 lakh in cash to the accused’s mother, and Rs 1.9 lakh to Savitha’s daughter Valmika through PhonePe. After each transfer, Kusuma would call Savitha to confirm the transaction, demonstrating the trust that made the Bengaluru Woman Paisa Double Scam possible.
Escalating Demands and False Promises
The Bengaluru Woman Paisa Double Scam didn’t stop with the initial investment. On January 6, 2024, Savitha contacted Kusuma claiming she had invested in the Udaya TV project and offered double returns on the investment. This supposed success story was used to extract another Rs 10 lakh from Kusuma, further expanding the scope of the Bengaluru Woman Paisa Double Scam.
Over subsequent months, Kusuma continued providing money to Savitha under various pretexts. Sometimes the requests were framed as investment opportunities, while other times Savitha claimed she needed money for her daughter’s marriage or to clear a car loan. The total amount involved in Kusuma’s case within the Bengaluru Woman Paisa Double Scam reached Rs 95 lakh.
The Unraveling of the Fraud
The Bengaluru Woman Paisa Double Scam began to unravel in June 2025 when Kusuma approached Savitha’s residence demanding the return of her Rs 95 lakh investment. Instead of returning the money, Savitha allegedly told Kusuma that she had borrowed money from numerous people and had no intention of returning it to anyone.
This brazen admission marked the end of the Bengaluru Woman Paisa Double Scam facade and prompted Kusuma to file her FIR on July 8, 2025. The complaint named seven individuals: Savitha, Punith, Sathish, Valmika, Darshan, Lokesh, and Shridhar, all allegedly involved in the elaborate fraud network.
Previous Criminal History
The investigation revealed that the Bengaluru Woman Paisa Double Scam was not Savitha’s first foray into financial fraud. She had previously been arrested in a similar case registered at Govindarajanagar police station and was out on bail when she orchestrated this latest scheme. Despite her criminal history, Savitha continued her fraudulent activities, demonstrating the persistent nature of such scams.
Similarities to Other High-Profile Cases
The Bengaluru Woman Paisa Double Scam bears striking similarities to the ongoing Aishwarya Gowda cheating case, which is currently under investigation by both police and the Enforcement Directorate. Like Savitha, Aishwarya Gowda allegedly claimed close connections with influential politicians, including DK Suresh, brother of Deputy Chief Minister DK Shivakumar, to gain victims’ trust.
Legal Challenges and Systemic Issues
Law enforcement agencies investigating the Bengaluru Woman Paisa Double Scam and similar cases face significant challenges. Accused individuals often secure court-ordered stays on investigations or proceedings, creating delays in the justice process. These legal maneuvers are time-consuming and costly for both police and complainants who have already suffered financial losses.
In the Aishwarya Gowda case, a court stay order is currently in place, while Savitha’s previous FIR at Govindarajnagar Police Station has also been stayed. These legal obstacles complicate ongoing investigations and delay justice for victims of such fraudulent schemes.
Impact on Victims and Community
The Bengaluru Woman Paisa Double Scam has left devastating impacts on its victims, many of whom invested their life savings based on false promises. The case highlights the vulnerability of individuals seeking high returns on their investments and the sophisticated methods employed by fraudsters to exploit trust and friendship.
The arrest of Savitha and her accomplices represents a significant step toward justice, but the broader implications of the Bengaluru Woman Paisa Double Scam extend beyond individual losses. The case underscores the need for greater awareness about investment fraud and the importance of verifying credentials before participating in any investment scheme.
Closing Statement
The Bengaluru Woman Paisa Double Scam serves as a stark reminder of the elaborate lengths to which fraudsters will go to exploit trust and friendship for financial gain. As investigations continue and legal proceedings unfold, this case will likely influence how similar fraud cases are approached and prosecuted in the future, potentially leading to stronger protection measures for potential victims of investment scams.
