21/02/2026
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
