By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
India Times NowIndia Times NowIndia Times Now
Notification Show More
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Reading: Bengaluru: Homemaker alleges ₹2.5 crore fraud by ‘guruji’ promising ₹505 crore RBI funds
Share
India Times NowIndia Times Now
Font ResizerAa
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
Search
  • Bharat Shreshtha Ratna Sanman
  • India News
  • Categories
    • Technology
    • Entertainment
    • The Escapist
    • Insider
    • Finance ₹
    • India News
    • Science
    • Health
Have an existing account? Sign In
Follow US

Home » Bengaluru: Homemaker alleges ₹2.5 crore fraud by ‘guruji’ promising ₹505 crore RBI funds

India News

Bengaluru: Homemaker alleges ₹2.5 crore fraud by ‘guruji’ promising ₹505 crore RBI funds

India Times Now Desk
Last updated: July 30, 2026 1:17 pm
India Times Now Desk
Published: July 30, 2026
Share
SHARE


The victim, M. Kumuda, 40, originally from Palamaner in Andhra Pradesh and formerly residing in Chamarajpet in Bengaluru, had planned to raise a loan against her family-owned property.

The victim, M. Kumuda, 40, originally from Palamaner in Andhra Pradesh and formerly residing in Chamarajpet in Bengaluru, had planned to raise a loan against her family-owned property.
| Photo Credit: Getty Images/iStockphoto

The Central Crime Branch (CCB), Bengaluru, is on the lookout for a self-styled godman and two of his associates who allegedly cheated a 40-year-old homemaker of around ₹2 crore in cash and gold jewellery worth about ₹50 lakh by falsely promising to repay her ₹10 crore after receiving ₹505 crore from the Reserve Bank of India (RBI).

The victim, M. Kumuda, 40, originally from Palamaner in Andhra Pradesh and formerly residing in Chamarajpet in Bengaluru, had planned to raise a loan against her family-owned property.

Through her Mysuru-based friend Jyothi, she was introduced to Bharath and later to Shankar, who allegedly collected the property’s documents and claimed that obtaining a loan would be difficult as the property already had a ₹50 lakh loan. They subsequently persuaded her to enter the real estate business with them.

After Kumuda’s son met with an accident in November 2023, Bharath allegedly told her that her house was affected by “negative energy” and introduced her to Afsar Pasha alias Guruji (Munwar Ali Shah). The self-styled godman allegedly conducted a homa and havan at her residence and collected ₹8 lakh for the rituals.

The complaint states that Afsar Pasha later claimed he was due to receive ₹505 crore from the Reserve Bank of India (RBI) and allegedly sent Kumuda WhatsApp images of what he claimed were RBI certificates bearing his photograph. He reportedly promised that if she gave him ₹2.5 crore, he would repay her ₹10 crore once the RBI funds were released.

Believing the documents to be genuine, Kumuda allegedly sold her house for ₹8.5 crore and handed over nearly ₹2 crore in cash in instalments at locations near Mysuru Palace and another residence. She also allegedly gave gold jewellery worth around ₹50 lakh.

When she later demanded the return of her money and jewellery, Afsar Pasha allegedly refused, claiming she had no proof of handing over the cash and valuables. He also allegedly threatened to kill her if she continued to demand repayment.

Based on the complaint and directions from the Police Commissioner’s Office, the CCB has registered a case against Afsar Pasha alias Guruji (A1), Shankar, Bharath and others under Sections 318(4) (cheating), 338, 351(1), 351(2) and 3(5) of the Bharatiya Nyaya Sanhita (BNS), 2023. The investigation is under way.

Published – July 30, 2026 06:47 pm IST



Source link

Two SPOs dismissed for terror-links in Jammu and Kashmir’s Kathua
Man booked for shooting obscene videos of girl
Law and order remain sensitive but under control: Manipur CM
IIM-K to organise free medical camp ‘Aarogya 26’ on January 24
A.P. Fishermen Cooperative Societies Federation office-bearers take oath
TAGGED:Bengalurubengaluru crimeCCBPolice
Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Social Medias
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Popular News

Battleground Bhabanipur: Mamata says outsiders filling up her constituency, Suvendu vows to defeat her

India Times Now Desk
India Times Now Desk
October 15, 2025
Supreme Court orders removal of stray dogs from schools, hospitals, other public institutions; directs NHAI to clear cattle from highways
Box Office [June 6, 2026]: Peddi, Bandar, Hai Jawani Toh Ishq Hona Hai and Obsession’s Saturday earnings | Entertainment
BJP to launch ‘Mana Ooru–Mana Jenda’ campaign across A.P. from April 6: PVN Madhav
LG India IPO Listing LIVE: Shares to make debut on bourses today, here’s what GMP suggests
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics
© INDIA TIMES NOW 2026 . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?