The former office-bearers of the Karnataka State Government Employees Association, Mandya, have been charged with duping hundreds of investors to the tune of at least Rs. 10 crore by promising to provide them with residential sites.
The scam of non-allotment of sites came to light here on Monday, when A. Puttaraju, an investor and resident of Annapoorneshwari Nagar, near Kuvempu Nagar in Mandya, filed a complaint against five members of the association with the Mandya West police.
The complainant has alleged that the former president of the association T.H. Ramakrishna, its former secretary T.H. Shankare Gowda, L. Bhairappa, S. Venugopal and V. Shankara Nayudu, had duped the investors, who are residents of Mandya and also members of the association, to the tune of at least Rs. 10 crore, by promising to provide residential sites to them.
The alleged cheating was done between 2003 and 2008.
Even after several years, the association had not allotted sites to the investors, a senior police officer, quoting the First Information Report (Crime No. 149/15), told The Hindu.
A case has been booked under Sections 406 (criminal breach of trust), 420 (cheating), 465 (forgery), 468 (forgery for the purpose of cheating), 477 (fraudulent cancellation, destruction etc), 482 (using a false property mark) and 483 (counterfeiting a property mark used by another) of the Indian Penal Code.
