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Savita G, 49, from Bengaluru, was arrested for allegedly cheating her social circle of crores through kitty parties and investment schemes. 30 women filed complaints against her.
Bengaluru police arrested Savita for allegedly duping rich housewives after befriending them at kitty parties. (X)
A 49-year-old woman who built a trap around kitty parties, gold imports and high-return investments, was arrested along with her accomplice in Bengaluru for allegedly cheating her social circle of crores of rupees.
The accused woman, identified as Savita G, a resident of Kirloskar Colony in Basaveshwaranagar, and her alleged accomplice Puneet P of Sunakadakatte, were remanded to five-day police custody by a local court on Wednesday.
According to the police, Savita used to lure women from financially strong backgrounds through kitty parties and siphoned off crores of rupees under the pretext of investing their money.
Claiming to have close ties with prominent political figures, she used to lure women and allegedly collected large sums of money from them under the pretext of high-return investments.
The police have registered at least two First Information Reports (FIRs) against Savita at Govindaraja Nagar and Basaveshwaranagar stations.
As per the police, Savita’s strategy involved infiltrating affluent social circles by posing as a social worker, realtor, and gold trader.
“She reached out to women on social media, especially those with active social lives and disposable incomes. Savita claimed she imported gold from abroad and offered to double their money through real estate investments and business ventures,” an investigating officer said as quoted by Times of India.
Savita frequently hosted kitty parties, either at her residence or other venues, to build trust with potential victims. During these informal gatherings, she would boast about having access to cheap foreign gold, private television tenders, and high-value property deals that promised exceptional returns.
“Many victims were convinced by her confidence and networking abilities. Some handed over cash directly, while others made online transfers. Puneet would then help divert these funds into gold purchases and household goods. In reality, she was quietly operating a chit-fund business in Basaveshwaranagar,” the officer said.
Police said Savita also promised to supply gold from the United States at discounted rates. Victims reportedly paid amounts ranging from Rs 50 lakh to Rs 2.5 crore, but the money was not returned. Instead, she allegedly made repeated excuses to delay repayment.
Her luck ran out when investors began demanding returns after more than a year. Unable to repay or fulfil the promised interests, Savita started facing pressure. Eventually, nearly 30 women filed police complaints, exposing the fraud.
A police officer said Savita had taken photos with several politicians, including the chief minister and deputy chief minister, besides film personalities and celebrities.
An earlier case was registered against Savita at the Govindarajanagar police station, where she was arrested but later released on bail. Despite that, police said she continued the same activities, leading to her recent arrest by the Basaveshwaranagar police.
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben…Read More
Shobhit Gupta is a sub-editor at News18.com and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from Ben… Read More
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