BENGALURU: A 46-year-old woman alleged that she and her husband, along with 11 others, have been cheated of about Rs 4 crore they had invested in real estate firms endorsed by a private wealth management company. Ketki Shah Talati, a resident of Devarabisanahalli, said in her complaint to Basavanagudi police that she and her husband had invested Rs 1.7 crore in various real estate firms which Karvy Private Wealth, Basavanagudi branch had suggested after claiming to have done due diligence. Police registered a case of cheating against Karvy CEO Abhijth Bhave and directors and officials of a few other real estate firms in which the couple and 11 others had invested more than Rs 4 crore. Ketki alleged that Karvy had lured them by promising good returns for investments and claimed they hadn’t received any returns or got back their investment. “The complainants alleged that Karvy had not arranged direct interaction with builders with whom they had invested their money and requested legal action against the head and directors of the Karvy Group companies,” police said, quoting the complaint. “We registered a case of cheating and requested all details and documents about their investments for verification. A probe will begin once we complete scrutiny of documents,” a police officer said. Basavanagudi police claimed they’d interacted with Karvy officials who denied cheating anyone and that they would talk to realty firms and resolve the issue. According to complainant Ketki, she and her husband Mayank Harshad Talati invested Rs 1.7 crore in 2015. Other investors listed in her complaint are: Visveshvaraya (Rs 60 lakh), Satyanarayana Rao Navaluru (Rs 15 lakh), Swatantra Rao (Rs 22 lakh), GS Ravishankar and his wife Pooja Ravishankar (Rs 15 lakh), TT Usharani (Rs 30 lakh), Joy Chandra (Rs 30 lakh) KS Raghunandan (Rs 15 lakh), Krishnamurthy Nagesh Prakash and Aparna Nagesh Prakash (Rs 38 lakh). A tweet to Karvy Private Wealth seeking its comment didn’t elicit a response at the time of going to press.