ಕಣ್ವ ಹಗರಣದ ಹಕ್ಕೊತ್ತಾಯದಾರರ ಹಿತರಕ್ಷಣಾ ವೇದಿಕೆ Kanva Scam's Claimants Forum

Karnataka's cybercrime convictions stand at a mere 0.2% over five years, with just 178 convictions amid thousands of cases, while recovery of defrauded funds is only 13% (Rs 626 crore out of Rs 4,699 crore in two years). Home Minister G. Parameshwara's statement in the legislative council yesterday underscores procedural delays, evidentiary challenges, and ramphant frauds like digital arrests. Policymakers must prioritise urgent reforms to avert worsening impacts on Bengaluru's tech hub status.

Key Stats
a) Convictions: 178 (0.2% rate) vs. 402 acquittals over five years.
b) Cases surged 72% to 22,255 in 2023, dipped to 14,899 in 2025.
c) Broader data shows 0.23% conviction from 85,642 IT Act cases (2020-July 2025).

Supreme Court says: “Economic offences are heinous. Bail is not the rule.”

Powerful words. Historic observations. Strong warnings against white-collar criminals.

Yet here in Karnataka, under the so-called protection of the KPID Act, what do we see?

👉 130+ financial scams.
👉 Millions of families devastated.
👉 Life savings wiped out.
👉 And almost 100% of the accused roaming free on bail.

If economic offenders are a “class apart,” why are they treated as VIPs when it comes to Karnataka’s deposit scams?

If anticipatory bail must be sparingly granted, how did nearly every scam accused under KPID walk out comfortably — many of them now reportedly active in new ventures, new schemes, and potentially new scams?

While the Supreme Court tightens the legal noose nationally, the ground reality for Kanva and other scam victims in Karnataka is bitter:

• No meaningful restitution.
• No deterrent custody.
• No visible fear of law.
• Repeat offenders rebranding and restarting.

Victims lose homes, retirement funds, daughters’ wedding savings.
Accused lose… nothing.

Is the KPID Act a shield for depositors — or a soft landing for fraudsters?

The message being sent is dangerous:
Financial crime pays. Jail is temporary. Victims are permanent.

Until there is strict bail scrutiny, time-bound prosecution, and actual restitution to victims, every such “landmark judgment” will sound hollow to those whose lives were financially paralysed.

Justice is not in speeches.
Justice is in consequences.


Special Officer & Competent Authority DR. G Parameshwara Krishna Byre Gowda Amit Shah Nirmala Sitharaman

https://x.com/KanvaVictims/status/2025390934654156896

Special Officer & Competent Authority

Deccan Herald, dated 6-9-25.

Judgement Copy
https://lawbeat.in/pdf_upload/228582023145263853order01-sep-2025-2074822.pdf

Nirmala Sitharaman Siddaramaiah Indian National Congress - Karnataka

'EOW must ensure scam victims get money back': Madurai Bench of Madras HC MADURAI: Taking into account the delay in filing the final report by the Economic Offences Wing (EOW) in a financial fraud case booked in 2022, the Madurai Bench of the Madras High Court recently stated that the government has to evolve a mechanism to ensure that the grievances of the victims are ad...