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Nine Booked Over Alleged ₹1.66 Crore Society Misappropriation
Police in Mumbai have filed a case against nine people.
They are accused of taking about ₹1.66 crore from a cooperative credit society.
The alleged wrongdoing happened between 2017 and 2022.
Police say fake bills were prepared to move money out of the society.
The complaint also says society funds paid some employees’ personal income taxes.
Investigators allege that false audit reports were submitted.
The accused include former officials and employees of the society.
The investigation is still continuing.
Marine Drive Police registered an FIR against nine people over alleged misappropriation of ₹1,66,96,514.
The alleged irregularities occurred between April 1, 2017, and March 31, 2022.
Police allege the accused prepared forged bills, misused their positions and siphoned society funds.
The complaint alleges society money was used to pay personal income taxes of employees.
Police also allege false audit reports were prepared instead of genuine statutory reports.
- Who
- Marine Drive Police registered a case against nine former officials and employees of the Maharashtra Mantralaya Cooperative Credit Society.
- What
- The accused allegedly misappropriated ₹1,66,96,514 through forged bills, misuse of official positions and other financial irregularities.
- Where
- The alleged offences occurred at the Maharashtra Mantralaya Cooperative Credit Society at Akashvani Aamdar Niwas, Mumbai.
- When
- The alleged irregularities took place from April 1, 2017, to March 31, 2022; the FIR was registered on September 16.
- Why
- Police allege the accused conspired to divert society funds for personal benefit, causing financial loss to the society and its members.
Key facts
- Alleged loss
- ₹1,66,96,514
- Number of accused
- Nine
- FIR date
- September 16
- Alleged offence period
- April 1, 2017, to March 31, 2022
- Police station
- Marine Drive Police
- Legal provisions
- Indian Penal Code Sections 406, 409, 420, 465 and 120(B)
- Investigation status
- Further investigation is underway
Sources
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