Woman Accused of Cheating People and Absconding with 1.5 Crore in Financial Fraud

A woman in Gudiwada is currently evading authorities after being accused of cheating people by promising them financial assistance and then running off with their money. It is estimated that she has embezzled a total of 1.5 crore from her unsuspecting victims.

Accused’s Methods and Connections

The accused, identified as Leelavathi, allegedly established connections with bank staff and representatives of microfinance institutions. Through these connections, she facilitated loans for her victims. It is believed that she formed over 60 groups to collect money from these individuals.

Exploiting Relationships for Personal Gain

Using her relationships with bank staff and microfinance institutions, Leelavathi convinced people to give her a portion of their approved loan amounts as repayment for the loans. Many victims claimed that they were persuaded by her to pawn their gold ornaments, which she never redeemed.

Disappearing Act and Suspicion of Involvement

When victims started questioning Leelavathi about their money, she assured them that she would settle the payments with the banks. However, she later went missing and stopped responding to their calls. The unsuspecting victims only became aware of the fraud when bank staff began visiting their homes.

Possible Involvement of Children

The police have suggested that Leelavathi’s children may also be involved in the fraudulent activities, although further investigation is required to confirm their role.

It is important for individuals to exercise caution when dealing with financial transactions and to verify the credibility of individuals offering financial assistance.