Archive · 21 Jul 2026
Investors allege Rs 10-crore fraud in Kolar
In Kolar, Karnataka, many people invested money in a company called Sri Kalikadevi Enterprises.
The company promised them good monthly earnings for working from home, like packing incense sticks and paper plates.
The investors gave the company a lot of money, but after a year, the company stopped paying them.
Now, the investors are very upset and want their money back.
The company's manager said they need one week to return the money.
The investors want the police to investigate and take action against the company.
Investors allege they were cheated of over Rs 10 crore by Sri Kalikadevi Enterprises.
The company promised lucrative monthly returns for work-from-home jobs like packing incense sticks and paper plates.
Investors invested between Rs 1 lakh and Rs 30 lakh and were initially paid regularly for almost a year.
Payments stopped two months ago, and employees have reportedly disappeared.
Investors protested outside the company's office, demanding repayment of their money.
- Who
- Investors and Sri Kalikadevi Enterprises
- What
- Alleged fraudulent work-from-home scheme
- When
- Payments stopped two months ago
- Where
- Kolar, Karnataka
- Why
- Investors were promised lucrative monthly returns and steady salaries based on their investment.
Investors' Perspective
Company's Perspective
Investment and Returns
Investors' Perspective
Investors claim they were promised lucrative monthly returns and invested between Rs 1 lakh and Rs 30 lakh.
Company's Perspective
The company initially paid salaries regularly for almost a year, attracting more investors.
Company's Response
Investors' Perspective
Investors allege the company stopped payments two months ago and employees have disappeared.
Company's Perspective
The company's manager requested one week to settle the dues and assured authorities that investors' money would be repaid.
- Company Name
- Sri Kalikadevi Enterprises
- Location
- Kolar, Karnataka
- Number of Investors
- 2,000 to 3,000
- Investment Range
- Rs 1 lakh to Rs 30 lakh
- Total Alleged Fraud
- Rs 10 crore
- Company Manager
- Ramya
- Protest Location
- Office of Sri Kalikadevi Enterprises, Palasandra Layout
- Authorities Involved
- Kolar Superintendent of Police, Deputy Commissioner