Major Rs 70 Crore Fraud Uncovered at EPFO Credit Society: Two Arrested in Bengaluru

Nov 05, 2025 03:13 pm CST

Bengaluru Police have arrested two key individuals in connection with a Rs 70 crore fraud at the EPFO Staff Credit Co-operative Society. The society's CEO Gopi and employee Lakshmi Jagadish allegedly misappropriated investors' deposits, with payments ceasing three months ago. Luxury vehicles have been seized while a third suspect remains at large as the investigation continues into one of the region's significant financial scandals.