Case filed against 15 in Rajkot for a ₹12.77 cr fraud with Rajkot District Bank
Updated: Jan 21st, 2024
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A shocking complaint of embezzlement and fraud of a huge amount of ₹12.77 crore against 15 persons was registered on Jan 20 at Gandhigram Police Station in Rajkot.
The complaint states that two loans, amounting to ₹29.59 crores were taken by Shri Aditi Credit Co-operative Society from the Shri Rajkot District Co-operative Bank, Raiya Road Branch.
However, ₹12,77,84,732 were never deposited to the credit society’s ledger and were criminally embezzled by the accused for their personal use.
As stated in the complaint, the accused presented NOC and receipts of cash repayment of the loan by 86 members of the Aditi Credit in the bank and left with the original documents.
However, the cash repayments for the loans are prohibited, and the complaint also accuses that even the cash repayment was not made by the society members.
The police have registered a case under IPC 406, 409, 465, 467, 468, 471, and 120(B), and an investigation has been initiated.
Compainant Maganlal Kachdia has accused credit society’s president Jagdishsinh Jadeja, former minister Upendrasinh Jadeja, present minister Sagar Moliya, managing committee members Brijraj Singh Jadeja, Kinjalba Jadeja, Narendra Pambhar, Vipul Desani, Prakash Muliana, Rajesh Solanki, Nitaba Jadeja, Chamandas Desani, Manoj Shishangiya, Arun Singh Jadeja, and accountant Hiren Shah.
