Archive · 24 Dec 2025
Pune Manager Booked for ₹1 Crore Loan Scam
A manager in Pune was caught for doing something very wrong.
He was supposed to give loans to people, but instead, he made up fake loans and took the money for himself.
He didn't follow the rules and didn't check if the loans were real.
The police are now trying to find out where all the money went and who else might have been involved.
The manager might have taken the money for himself, but they're still checking.
The police are working to get the money back and find out more about what happened.
A manager of a credit co-operative society in Pune was booked for embezzling ₹1 crore.
The accused, Swaraj Balasaheb Shinde, approved fake loans without proper verification.
The cooperative society did not receive EMIs for the sanctioned loans.
An audit revealed the misappropriation, and the police have initiated an investigation.
The manager is suspected of benefiting from the misappropriated funds.
- Who
- Swaraj Balasaheb Shinde, manager of a credit co-operative society in Pune
- What
- Embezzlement of ₹1 crore through fake loans
- When
- Between 2015 and 2019
- Where
- Shivajinagar branch in Pune
- Why
- To misappropriate funds, exact reasons and beneficiaries still under investigation
- Accused
- Swaraj Balasaheb Shinde
- Location
- Shivajinagar, Pune
- Amount Embezzled
- ₹1 crore
- Time Period
- 2015-2019
- Complaint Lodged By
- Government auditor
- Investigating Authority
- Shivajinagar Police Station
- Audit Outcome
- Misappropriation confirmed
- Current Status
- Under investigation