Pune: The Alandi police registered a case against the manager, auditor of a credit cooperative society and a jeweller on the charge of duping the society of Rs 11 crore by creating fake gold loan accounts.The accused were charged under sections 316 (criminal breach of trust), 318 (cheating), 336, 338 and 340 (forgery) of the Bharatiya Nyaya Sanhita (BNS). The credit cooperative society’s director lodged a complaint.
An officer from the Alandi police said the board of directors gave the charge of the society to the manager. Along with the auditor and a jeweller, the manager prepared fake gold loan accounts. “The jeweller gave fake mortgage receipts of gold. By using those documents, the manager and the auditor prepared fake and fabricated proposals and issued loans in the names of the fake customers,” the officer said.He said by using this modus operandi, the manager misappropriated funds worth Rs 11 crore over a period of the past 1 year. “The fraud came to light recently after the board of directors carried out an internal audit and investigations. We have registered the case. No one has been arrested so far. Our investigations are on,” he said.
