Depositors affected by the financial scam in the Krantiveer Sangolli Rayanna Society have been asked once again to submit documents in person in Bengaluru.
This action follows an order by the Bengaluru High Court dated November 4, 2025. As per the notice, depositors must now submit around 10 types of documents to process their refund claims.
Documents Required
Depositors have been asked to provide:
- Bank statements (2012 to March 31, 2018)
- Aadhaar and PAN cards
- Investment agreements
- Passbook copies
- Bank-certified transaction details
- Income tax returns
- Proof of relationship (if applicable)
- Authorization letter (if someone else is applying)
For deceased depositors:
- Death certificate
- Legal heir certificate
- Other supporting documents
Depositors Raise Objections
Many depositors have opposed this move. They say:
- All documents were already submitted when deposits were made
- The government and authorities already have these records
- Asking for the same documents again is unnecessary
They have written to officials expressing their concerns.
Earlier, the Consumer Court had ruled in favor of the depositors and ordered repayment. The government had also asked depositors to submit claims, which many say they have already done.
Depositors also pointed out that documents like PAN, agreements, or affidavits are usually not required for Fixed Deposits (FD) and Recurring Deposits (RD).
Growing Frustration
Thousands of depositors are still waiting to get their money back. The refund process, involving crores of rupees, has slowed down due to repeated document requests and delays.
Depositors are now demanding that:
- Their claims be approved quickly
- Refunds be made based on existing records
- Further delays and paperwork be avoided
There is growing dissatisfaction among depositors over the handling of the issue.
M/s Krantiveera Sangolli Rayanna Urban Co-operative Society.
Competent Authority Name
Sri Islauddin J Gadyal
Designation
Additional Regional Commissioner- 1
Address:
BMTC Building, C-Block, 2nd Floor, Shantinagar, K.H. Road, Bangalore- 560027
Phone no.:
080-22109670
Email:
https://sploca.org/ca/authority/assingnedfe