Archive · 31 May 2025
Nagpur Co-op Society Fraud: Rs 4.54 Crore Embezzled
A cooperative society in Nagpur, India, was found to have a major fraud problem.
Over five years, members allegedly stole Rs 4.54 crore from depositors by faking financial records and not paying people back.
The authorities found out after a special audit.
Now, 21 people are accused, and the society is closed.
Police are still investigating to find and arrest more people involved.
A financial fraud of Rs 4.54 crore was uncovered at a Nagpur cooperative society.
21 members are accused of embezzling funds and falsifying financial records.
The fraud occurred over five years, between April 2018 and March 2023.
A special auditor discovered the fraud, leading to a police case.
Society operations have ceased, and an investigation is ongoing.
- Who
- Members of Utthan Nagari Sahakari Patsantha Marya Cooperative Society
- What
- Rs 4.54 crore financial fraud
- When
- Between April 2018 and March 2023
- Where
- Nagpur, India
- Why
- To embezzle depositors' money through fraudulent practices
- Cooperative Society
- Utthan Nagari Sahakari Patsantha Marya
- Location
- Indora, Nagpur
- Amount of Fraud
- Rs 4.54 crore
- Timeframe of Audit
- April 2018 - March 2023
- Number of Accused
- 21
- Status
- Society operations ceased; investigation ongoing
