Rs 15L fraud: HC protects senior from arrest

In a fraud case in Madhya Pradesh, a senior citizen from Karnataka was duped by fraudsters pretending to be representatives of insurance companies like SBI Life, Bharti AXA, and Kotak Life. The fraudsters convinced the victims that they could help them get money by paying a fee. The fraudsters misinformed the senior citizen that he could receive funds from the Madhya Pradesh man's account.

The senior citizen, Jayaramaiah, a 78-year-old retired IFS officer, transferred Rs 15.15 lakh to the senior citizen's account. The police arrested Jayaramaiah on July 13, 2024, alleging that he was involved in the fraud. However, the Madhya Pradesh High Court granted him anticipatory bail, and the Karnataka High Court allowed his transit bail, preventing his arrest. The investigation into the case continues.