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₹19 CR MICROFINANCING SCAM ROCKS BELAGAVI, 4 ARRESTED

The New Indian Express Bengaluru

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May 15, 2025

A massive loan scam has rocked Belagavi district, where more than 7,700 individuals—primarily women—have been defrauded collectively to the tune of approximately Rs 19.35 crore under the pretense of microfinance loan approvals.

- TUSHAR A MAJUKAR @Belagavi

The police have arrested four persons in connection with the scam from various localities, including Yamnapur, Halbhavi, Kangrali KH and Kangrali BK.

The accused have been identified as Ashwini Holappa Daddi, Holappa Fakirappa Daddi, Shewanti Holappa Daddi and Priyanka Holappa Daddi, all residents of Yamanapur in Belagavi taluk. They were, later, released on bail.

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