PUNE: The economic offences wing (EOW) of the city police has detained Sunita Rajendra Naik (53), also a manager of this Adarsha Urban Cooperative Credit Society at Dhankawdi, in accordance with a Rs47 crore adulterous and misappropriation instance.
The situation was registered annually using all the Sahakarnagar authorities, after a particular audit of their society’s reports from 1991 to 2018.
“The fraud sum comprises over Rs7 crore gathered from 170 depositors from the guarantee of providing them attractive yields and failing to deliver on the promise,” deputy commissioner of police (EOW) Bhagyashri Navatake, that headed the group that detained Naik, told TOI.
The defendant was produced before a magisterial court, that passed an order on Wednesday, remanding Naik in police custody until June 6.
Authorities stated Adarsha Urban Cooperative Credit Society has over 800 depositors.
It’s no branches besides the person in Dhankawdi.
The state government had ordered a review of their joint bank in 2018-19.
The study showed embezzlement to the tune of Rs47 crore.
Even the Sahakarnagar have filed a case of cheating, forgery, conspiracy, along with criminal breach of trust under the Indian Penal Code.
The authorities also have invoked provisions of the Maharashtra Protection of Interest of Depositors Act.
“Throughout the course of this investigation, the authorities received complaints against 170 people, who said that the society’s office-bearers had encouraged them to spend their cash in the society by asserting yields.
The complainants asserted that the society didn’t provide them any returns up to now.
They also asserted their first investment was not reimbursed,” a police officer near the investigation said.
Pune: Credit co-op Manager held in fraud case
