Bengaluru: HDFC Life manager held for cheating people of Rs 40 cr


Bengaluru, Dec 18 (DHNS): Vishalakshi, the manager of HDFC Life’s BTM Layout branch in the City, was arrested in Uttar Pradesh on charges of cheating hundreds of people, including Housing Minister M H Ambarish’s kin, of Rs 40 crore.

A police team from the City tracked and arrested her at Etawah on Wednesday night. She was brought to the City on Thursday morning.

The police said Vishalakshi used to befriend people from business sectors, film industry as well as top government officials and collect money from them as premium towards life insurance policies.

But she did not deposit the money with the company. Vishalakshi, a native of Sirsi in Uttara Kannada district, has a degree from Kuvempu University, Shivamogga.

In 2007, she joined the marketing division of HDFC. A senior police officer said they have information that she has cheated hundreds of people of Rs 40 crore.

It is suspected that there are more people cheated by her who are yet to lodge a police complaint. Also, the HDFC officials will be contacted to gather information about the nature of her work, the officer added.

B S Lokesh Kumar, Deputy Commissioner of Police (South), said: “Following numerous complaints, two special teams were formed. They traced her mobile phone logs to Etawah. We gathered more information and two teams went to Etawah from where she was arrested on Wednesday night. She was subjected to medical examination and after completing the formalities, she was produced before a local court which remanded her in police custody for five days.”

The police said she was residing in an ashram in Etawah. She had roamed around several places in Tamil Nadu, Andhra Pradesh and New Delhi, among others before reaching Etawah.

She will be further subjected to questioning to ascertain the modus operandi. The police are also ascertaining whether more people were involved with her. There are several cases lodged against her in Madiwala, Subramanyapura and J P Nagar police stations. She had also cheated Renuka Devi, sister of actor Sumalatha, wife of Housing Minister M H Ambarish.

  

Top Stories

Comment on this article

  • FRANK, MANGALORE

    Sat, Dec 19 2015

    THE EXECUTIVES OF SOME PVT BANKS ARE SO SOFT SPOKEN AND CUNNING THAT THEY MAKE THE CUSTOMERS BELIEVE ANYTHING THEY SAY. I THINK THE CUSTOMERS SHOULD KEEP PROFESSIONAL RELATION AND NOT AND BELIEVE ONLY AFTER VERIFYING WITH THEIR SENIORS WHO ARE AVAILABLE IN THE BANK. THE EXECUTIVES COME AS OFFICERS TO THE HOUSES EVEN TO FOOL PEOPLE TO THE MAX TAKING ADVANTAGE OF THE HOSPITALITY GIVEN. IT IS TIME TO OPEN THE EYES AND CLOSE THE DOORS FOR THESE FRAUDS.

    DisAgree Agree [4] Reply Report Abuse

  • ibrahim, Mangaluru

    Sat, Dec 19 2015

    Jobless stealing for food, rich stealing for passion, lifestyle

    Idu yava guna? Huttu guna?

    DisAgree [1] Agree [9] Reply Report Abuse

  • Rao, Mangalore

    Sat, Dec 19 2015

    Unlike previous days, now it will be difficult to play with any one's Bank or Insurance account Provided:1. Preferably make deposits/premix payments by cheque or online. 2.If you have to remit cash..do it in Bank branch or Insurance Co.Office.3.Regularly check your account details to ensure entries are correct. 4.Have Mobile alerts activated so that you get instant info on deposits/withdrawal.
    If you believe someone and transact in streets...you are bound to be duped someday and unwittingly you encourage a frausterity.

    DisAgree Agree [4] Reply Report Abuse

  • Sathish Shetty, Mangalore

    Fri, Dec 18 2015

    This time Bank served with its own sweet formula.Bank will not take responsibility to this fraud.I am a victim of glorified false propaganda of these product by staff.

    DisAgree Agree [4] Reply Report Abuse

  • P Shivaram Shetty , Baroda / Gujarat

    Fri, Dec 18 2015

    23 years ago a Bhat from Sirsi who was a Cashier in a Nationalized Bank's St. Aloysius college Branch at Mangalore committed fraud of Rs.33 lakhs and vanished and settled in same Etawah of U.P disguising as a Sadhu with long beard. An innocent Christian Officer was unnecessarily punished recently for that fraud committed by Bhat 23 yers ago. Now this Vishalakshy Bhat from same Sirsi had also gone in hiding in same Etawah. Is it just coincidence?

    DisAgree [3] Agree [27] Reply Report Abuse

  • Vinod Climes, Mumbai

    Fri, Dec 18 2015

    Sir, Appreciate your concern. Like Hindi crime thriller, when you know the script, appreciate if you could help IID to giving timely information. Sad someone had to suffer for 23 years.

    DisAgree Agree [13] Reply Report Abuse

  • J.F.D SOUZA, ATTAVAR,MANGALURU

    Fri, Dec 18 2015

    ELLAA BANNA MASI NUNGITHU. wHATS THE USE OF SWALLOWING 40 CRORES. nOW SHE HS TO GO BEHIND BARS. GREEDY WOMAN.

    DisAgree Agree [6] Reply Report Abuse

  • Rita, Germany

    Fri, Dec 18 2015

    Many must have looked only her pretty face and forgot to Count the amount.so she too didnt bother to give reciept.when it was black Money ,now difficult to give the source.Am sure there was someone behind this scheme as supporter.Besides a degree from kuvempu Uni.now she has one more degree in cheating .She will manage to come out clean with best lawyers.she has ya Money!Why allow to comeout in bail

    DisAgree [2] Agree [8] Reply Report Abuse

  • Vinod Climes, Mumbai

    Fri, Dec 18 2015

    Where did Ambarish's kin got 40 Cr. We common people are unable to earn 40 lakhs in entire life. Not justifying this cheat. This seasoned criminal woll be punished, but what about money? Doubtful

    DisAgree [1] Agree [10] Reply Report Abuse

  • shahnawaz kukkikatte, dubai/udupi

    Fri, Dec 18 2015

    Its mockery or endorsement of the jumla....na khaoong na khaane doonga...????????

    Might have been inspired by above jumla.

    DisAgree [13] Agree [14] Reply Report Abuse

  • MOHAMMED, SHIRUR

    Fri, Dec 18 2015

    YOU GOT A NAME PLATE "VISHAALAKSHI"..AND DEFINITELY YOU ARE AGAINST INTOLERANCE ....STAY BINDAAS...DONT WORRY...INDIA HY..AAP KUCH BHI KARSAKTEHO....MERA BHAARATH MAHAAN.

    DisAgree [3] Agree [13] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Fri, Dec 18 2015

    It is 2015th Varsha.
    Name is Vishalaksha.
    Face shows her Naksha.
    May be 40Cr to BJP Paksha.
    On Humanitarian gets Raksha.
    In cheating will she get Moksha.
    I did not get promised 15 Laksha

    DisAgree [13] Agree [30] Reply Report Abuse

  • raghavendra m k, mumbai maharashtra

    Fri, Dec 18 2015

    Went to Etawah take DHEEKSHA.

    DisAgree [2] Agree [21] Reply Report Abuse

  • kevin fernandes, mangalore/mumbai

    Sun, Dec 20 2015

    Now she will be get biksha.

    DisAgree Agree [2] Reply Report Abuse

  • Jamal, Mangalore/UAE

    Fri, Dec 18 2015

    Incredible India. Kuch bi khar sakte hain. Na khanoon ki fikhr na izzat ki. Sirf paisa our paisa .

    DisAgree Agree [16] Reply Report Abuse

  • Alwyn Crasta, Mangalore/Bangalore

    Fri, Dec 18 2015

    'Breaking News" :

    Lady Feku No.1 will be out on bail soon.

    DisAgree [7] Agree [17] Reply Report Abuse

  • Harry DSOUZA, KODAGU / MANGALORE

    Fri, Dec 18 2015

    VISHALA(KSHI) BHAAG(GA)YA!!!

    DisAgree [3] Agree [9] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Fri, Dec 18 2015

    THERE ARE MANY CASES IN THE NATIONALIZED BANKS THE NAME OF THE FACTORY OR COMPANY AND LOCATION IS APPROVED BY THE LAWYER IN THE PAPERS AND WHEN IT FALSE OVERDUE OF LOANS THERE IS NO SUCH LOCATION WHATSOEVER. AND THE LOAN WAS WRITTEN OFF.

    This is only a tip of an ice berg.

    DisAgree [3] Agree [12] Reply Report Abuse

  • Santan Mascarenhas, Kinnigoli/Mumbai

    Fri, Dec 18 2015

    Paisa dekhne ke baad, pyare se pyara insan bhi apna rang badal deta hai
    (After seeing money, even the most lovable person changes his color).

    DisAgree [5] Agree [9] Reply Report Abuse

  • R Mallar, Kasaragod/ Dubai

    Fri, Dec 18 2015

    Etawah of all the places? It is Mulayam Singh's constituency!!!!

    DisAgree [3] Agree [6] Reply Report Abuse

  • ANP, Blur

    Fri, Dec 18 2015

    Does not look like a Face that launched a thousand ships !
    40 CRORES NOT WORTH .

    DisAgree [3] Agree [10] Reply Report Abuse

  • Santosh,K, Mangalore

    Fri, Dec 18 2015

    40 crore rupees, Idiots given money to this manager without receiving paid receipts.

    DisAgree [3] Agree [26] Reply Report Abuse

  • Af,, Mangaluru

    Fri, Dec 18 2015

    upto 40 crore people have paid in cash? how something fishy here.
    how can she takes money which cheques are paid to HDFC BANK and crossed?

    DisAgree [4] Agree [26] Reply Report Abuse

  • Chidananda Murthy, Mangalore

    Fri, Dec 18 2015

    It looks like some business deal gone wrong. If she is smart, she can hire some expensive lawyer and be out on bail. It is interesting to note that HDFC Life Insurance company may not have lodged a complaint with the police, which should have been the primary litigant in such cheating cases.

    DisAgree [3] Agree [23] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Dec 18 2015

    Oonche Log, Oonchi Pasand - Fekuchand ...

    DisAgree [23] Agree [38] Reply Report Abuse

  • Jawar D'Souza, M'lore /Mumbai/

    Fri, Dec 18 2015

    Now we know that she is full of Visha and Laksha's her parents knew that one day she will be like this and so they named her accordingly.

    DisAgree [3] Agree [15] Reply Report Abuse

  • Dr.Sharath shetty, Mangaluru/Malaysia

    Fri, Dec 18 2015

    Her name is Visha with good laksha (Vishalakshi Bhat)

    DisAgree [4] Agree [9] Reply Report Abuse

  • Ownage, Bangalore

    Fri, Dec 18 2015

    Before a pretty woman Men fall easy prey

    DisAgree [3] Agree [34] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Fri, Dec 18 2015

    Vishalakshi could have tried her hand in politics instead.

    DisAgree [5] Agree [30] Reply Report Abuse

  • Bryan, Bahrain

    Fri, Dec 18 2015

    Yes, to manage their World Bank funds of 1.5bn...

    DisAgree [3] Agree [24] Reply Report Abuse

  • Mangalore Voice, Mangalore

    Fri, Dec 18 2015

    SELF LIFE INSURANCE PREMIUM

    DisAgree [4] Agree [14] Reply Report Abuse

  • raghavendra m k, mumbai maharashtra

    Fri, Dec 18 2015

    I surprised to read that a beautiful lady cheated the insurance co. In normal practice all premiums are paid by cheque, which will be deposited to hdfc insurance co.How she alone can cheat to huge sum of rs,40 crs, whether she was taken all these amount by cash,or whether she opened bank a/c in the name of hdfc ins.Details will come out after through investigation. I doubt it is not work of a single person but with the company of many others.There is saying that BEHIND EVERY UNSUCCESSFUL WOMEN THERE IS A MAN. Let us wait for more details.

    DisAgree [8] Agree [27] Reply Report Abuse

  • Well wisher, Mangalore

    Sun, Dec 20 2015

    Beautiful ? Which / Who's picture are you seeing man?

    DisAgree Agree [1] Reply Report Abuse

  • Langoolacharya., Belman/Washington,DC.

    Fri, Dec 18 2015

    People,

    If she spends 10% of the loot...she will get bail...and an acquittal too...

    Many lawyers must be lurking around her to take her Vakalaat..may be she is inspired by Jayalalita...

    ...JH...

    DisAgree [7] Agree [64] Reply Report Abuse

  • Ashok Shetty, Shirva

    Fri, Dec 18 2015

    At the end the counting was wrong instead of 39cr counted as 40cr , case dismissed.

    DisAgree [1] Agree [27] Reply Report Abuse


Leave a Comment

Title: Bengaluru: HDFC Life manager held for cheating people of Rs 40 cr



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.