Home » Mulki Couple Arrested in Rs1.5 Crore Investment Scam

Mulki Couple Arrested in Rs1.5 Crore Investment Scam

Richard D’Souza and Rashmi Pinto Cheated Locals

by Ananya Mehta

In connection with a multi-crore fraud, Mulki police have arrested a couple accused of cheating residents around Kinnigoli in Mulki taluk.

The accused, identified as Richard D’Souza (52) and his wife Rashmi Rita Pinto (47), from Kavattaru village, allegedly collected approximately Rs1.5 crore in cash and gold from locals. They promised high returns through investments in the share market, which never materialized.

The case was registered last year, but the couple reportedly fled to Mumbai to evade arrest. Acting on specific intelligence, Mulki police apprehended the duo on Friday and produced them before the court. Authorities are continuing investigations to trace any additional victims.

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