Retired Nurse Alleges ₹10 Lakh Fraud in Mutual Fund Investment Scheme

Udaipur, July 17: A retired nurse has lodged a complaint at Hiran Magri police station alleging that a man fraudulently took ₹10 lakh from her on the pretext of investing the money in a mutual fund.

Fraud in Mutual Fund

According to police, complainant Kiran Kundra, wife of Pramod Kundra and a resident of New Dore Nagar, Sector 3, has filed a case against Deepanshu Kasara, son of Bhanu Kasara, originally from Kasaron Ki Ol and presently residing in Agrasen Nagar. The accused is associated with Utkarsh Small Finance Bank, located at Manglam Fun Square on Durga Nursery Road.

In her complaint, Kiran Kundra stated that she retired as a Staff Nurse Grade-I from Maharana Bhupal Government Hospital in 2022. She alleged that Deepanshu Kasara approached her at her residence and persuaded her to invest her retirement benefits in a mutual fund scheme.

According to the complaint, on March 5, 2025, the accused took a blank cheque bearing her signature, claiming that the amount would be filled in after consulting the mutual fund office. She alleged that ₹10 lakh was later filled in on the cheque and withdrawn from her account.

The complainant further stated that when she sought documents related to the mutual fund investment, the accused repeatedly made excuses. Upon making inquiries, she allegedly discovered that a bank account had been opened in her name at Utkarsh Small Finance Bank without her knowledge. She alleged that the ₹10 lakh cheque was deposited into that account and the money was subsequently misappropriated.

She also claimed that the mobile number and email address linked to the account belonged to the accused.

BREAKING NEWS:
Jio’s Exciting 3 Plans: Unlimited Calling and Data for 90 Days! Thousands of Electric Cars Sold in May: Top 5 Revealed Big iPhone 17 Pro deal: Amazon Sale starts July 4!