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The Economic Times
The Economic Times
National

Multi-crore ponzi scheme exposed in Karnataka: Over 40,000 investors duped in Shivananda Neelannavar fraud case

CID

Belagavi: The Crime Investigation Department (CID) has officially unmasked a massive financial fraud orchestrated by Shivananda Neelannavar, revealing a sophisticated Ponzi scheme that has left thousands of investors in financial distress.

CID Deputy Inspector General (DIG) of Police Bhimashankar Guled held a press conference on Saturday, detailing the scale of the deception and the ongoing recovery efforts.

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