Fraud allegations deepen over 127 plots sold in Bengaluru
In short
Fresh fraud allegations have emerged around Sri Guru Raghavendra Sahakara Bank Niyamitha in Bengaluru. Properties linked to disputes were reportedly sold to buyers and later mortgaged, and the bank does not have clear data on them.
Homeowners affected by the issue want the bank to stop acting against their interests. The report does not confirm who is responsible or how large the losses are.
What the reporting says
Fresh fraud allegations emerged over Sri Guru Raghavendra Sahakara Bank Niyamitha in Bengaluru, where properties tied to financial disputes were reportedly sold to unsuspecting buyers and later mortgaged. The bank reportedly lacks accurate data on those properties, making ownership and valuation harder to verify. An association of affected homeowners has asked the bank to stop actions against their interests, but the reporting does not confirm liability or losses.
Why it matters
The report says fresh fraud allegations involve Sri Guru Raghavendra Sahakara Bank Niyamitha in Bengaluru, with properties that had ongoing financial disputes allegedly sold to buyers and later mortgaged. The bank is said to lack accurate property data, complicating ownership and value checks. A homeowners’ association is seeking protection, but the reporting does not confirm the scam size, liability, or any legal outcome.