A deputy manager at Karnataka State Financial Corporation (KSFC) and her husband have been accused of defrauding a local businessman of ₹17 lakh.

Basaveshwaranagar police are investigating a complaint filed by Nagaraju P, a TV and cable operator from Manjunathanagar, against Kavitha B and her husband Hemanth Kumar M.

According to Nagaraju, the couple borrowed ₹17 lakh in two parts during 2021, claiming it was to purchase land. On November 19, 2021, he transferred ₹12 lakh via NEFT to Hemanth’s account after Kavitha allegedly warned that sending funds to her could trigger a government inquiry. The remaining ₹5 lakh was handed over in cash on December 28, 2021. Both transactions were backed by promissory notes.

After repeated delays in repayment, Kavitha issued a cheque dated June 2, 2025, which later bounced. When confronted two days later, she allegedly admitted stopping the payment and threatened Nagaraju, boasting of her influence with politicians and criminal gangs.

Police have registered a case under sections 318 (cheating) and 351 (criminal intimidation) of the Bharatiya Nyaya Sanhita. A detailed probe is underway.