Overview

• Savita G and her accomplice Puneet P were arrested by Basaveshwaranagar police between July 10 and 12 and remanded to five days’ custody under two new FIRs
• More than 30 complaints allege that over Rs 30 crore was siphoned from wealthy women through informal gatherings and social media outreach
• Police now characterize the operation as an unregulated chit fund that channeled investors’ funds under the guise of high-return schemes
• Officers are probing Savita’s use of false political connections and are investigating possible links to a film music director
• An earlier FIR and subsequent bail did not halt Savita’s activities, highlighting judicial delays and court stays in dismantling such fraud syndicates