Archive · 22 Jul 2026
Chhatrapati Sambhajinagar: Three Arrested for Embezzling ₹5.16 Crore
In Chhatrapati Sambhajinagar, three men were arrested for stealing ₹5.16 crore from a cooperative society.
The chairman, vice-chairman, and secretary of the society were caught after hiding for four months.
They are accused of making unauthorized money moves, opening unauthorized branches, and taking loans with fake documents.
The society has 700 depositors who trusted them with their money.
The police found out about the theft during an audit and arrested the men after tracking them down.
They will stay in police custody until July 28.
Three men arrested for embezzling ₹5.16 crore from Lok Adarsh Urban Cooperative Society.
Accused include chairman Anis Syed Pathan, vice-chairman Syed Ejaj Abdul Gaffar, and secretary Shaikh Vikhar Ahmed.
Embezzlement occurred between April 1, 2022, and March 31, 2025.
Police allege unauthorized financial transactions and irregularities caused by unauthorized branch openings.
Accused obtained loans using forged documents, causing a loss of ₹60.43 lakh to the society.
- Who
- Anis Syed Pathan, Syed Ejaj Abdul Gaffar, Shaikh Vikhar Ahmed
- What
- Embezzlement of ₹5.16 crore from Lok Adarsh Urban Cooperative Society
- When
- Between April 1, 2022, and March 31, 2025
- Where
- Chhatrapati Sambhajinagar, India
- Why
- Alleged unauthorized financial transactions and irregularities
Accused's Defense
Police Allegations
Unauthorized Financial Transactions
Accused's Defense
The accused claim they had authorization for the transactions.
Police Allegations
The police allege the transactions were unauthorized and resulted in misappropriation.
Branch Openings
Accused's Defense
The accused argue the branches were opened for operational convenience.
Police Allegations
The police state the branches were opened without approval, causing irregularities.
- Amount Embezzled
- ₹5.16 crore
- Number of Depositors
- 700
- Duration of Embezzlement
- April 1, 2022 - March 31, 2025
- Arrested Individuals
- Anis Syed Pathan, Syed Ejaj Abdul Gaffar, Shaikh Vikhar Ahmed
- Police Custody Until
- July 28