Gangolli, January 25, 2026: Nine women from Padukone village, who were cheated in a chit fund scam promising “pay ₹1,000 and get ₹1 lakh loan,” have successfully recovered their deposited money of ₹19,000 thanks to swift and effective action by Gangolli police.

The women had been misled by an unidentified individual introduced through a local acquaintance as the Udupi district manager of a chit fund company. Believing the promise, they deposited money expecting quick loans. When the person became unreachable and fled the area, the women realised they had been defrauded and demanded their money back.

For three months, they followed up persistently but received no response. When they insisted on either the loan or refund as per the agreement, the fraudster demanded “government employee security” and continued to evade. Frustrated, the women approached Gangolli Police Station.

Duty Head Constable Chandru and Manjunath listened to their grievance and immediately contacted the Bengaluru customer care centre of the chit fund company. They learned the accused had already quit the job and joined another chit fund firm.

Police tracked the individual to Haveri district, coordinated with the local station, summoned him for questioning, and confronted him with the evidence. Under pressure, he agreed to return the full amount. The women, who had only sought the refund and not insisted on legal action, received their ₹19,000 (₹19,000 total for nine women) within 10 hours of filing the complaint.

The women expressed gratitude to PSI Pavan Nayak and the staff at Gangolli Police Station for their prompt and humane handling of the case.

Police have cautioned the public against depositing money with unknown individuals or anonymous chit fund operators promising high returns or easy loans. They urged citizens to immediately inform the police or call 112 if approached with such schemes.