Credit society officials booked for duping depositors
TOI : PUNE: The Dattawadi police have booked six people, including the chairman and directors of a co-operative credit society, for allegedly duping 87 depositors to the tune of Rs 42.56 lakh on the pretext of giving high interest rates.
The suspects were identified as chairman of Bhartiya co-operative credit society Sambhaji Patil, vice-chairman Sanjay Patil (both from Islampur, Sangli), manager Shivaji Patil of Dhankawdi, divisional head Archana Gund, directors Usha Patil and Rahul Nangre.
According to the police, the suspects had given advertisements in newspapers last year asking people to deposit money with their three schemes, namely, Bhartiya Udyog Samuha’ Bhartiya Shikshan Sanstha’ and Bhartiya Nagari Path Sanstha’, promising high interest rates on returns.
Inspector Ashok Kshirsagar (crime) said: “Ranjan Utpat (55) of Bibvewadi, lodged the complaint, had been voluntarily retired last year and ever since had been involved in social work. Reading the advertisement of the credit society, he deposited Rs 15,000 last year. The directors had asked him to canvass members for the scheme and offered him handsome commission for this.”
“As many as 87 people deposited their money in the society for one year. However, after a year, when they went to collect their money in December, they found the credit society closed and its six founding members missing,” Kshirsagar said.
The six suspects have been booked under sections 420 (cheating) and 406 (criminal breach of trust) of the Indian Penal Code. Print Emai…More
