Popular Singer Mangli Denies Involvement in ₹10 Crore Microfinance Fraud Case; Issues Strong Clarification

Bengaluru: Popular folk and playback singer Satyavathi Rathod, widely known as Mangli, has found herself at the center of a major controversy involving a microfinance scam. Allegations have surfaced suggesting the singer and her family were linked to a fraud case amounting to nearly ₹10 crore, where investors were reportedly misled through a microfinance scheme.

The issue gained momentum after several victims claimed that individuals leveraged Mangli’s celebrity status to build trust and lure people into investing with promises of high returns. Social media has been abuzz with videos showing large sums of cash allegedly connected to the scam, with some reports pointing toward the involvement of the singer’s brother, Shiva.

Mangli Issues a Strong Denial

In a move to clear her name, Mangli has issued a detailed clarification, categorically denying any connection to the alleged financial irregularities. She emphasized that her reputation is being unfairly dragged into a situation she has no part in.

“The claims circulating about my involvement in a ₹10 crore fraud are completely baseless. I have no connection with these microfinance traders or their business operations,” Mangli stated. She further clarified that any past interactions with the individuals under investigation were purely professional and limited to event invitations and stage performances.

“Don’t Use My Name for Scams”

The singer expressed deep distress over the misuse of her name to facilitate fraudulent activities. She urged the general public to stay vigilant and not be misled by anyone claiming to represent her in financial matters.

“My brother and I are only approached for professional events. We have nothing to do with their personal businesses or any financial schemes. I request the authorities to take strict action against those responsible for this fraud and ensure justice for the victims,” she added.

Investigation Underway

While Mangli has distanced herself from the controversy, the investigation is ongoing. Authorities are currently examining the complaints filed by investors to identify the primary orchestrators of the microfinance scheme. The singer has maintained that she is a victim of a smear campaign and remains focused on her professional commitments.