Latest News | Maha: Credit Society Staffer, Trader Booked for Embezzling Rs 3.26 Crore

Latur, Apr 7 (PTI) An offence has been registered against a clerk of a cooperative credit society and a trader in Maharashtra's Latur district for allegedly embezzling Rs 3.26 crore from the institution, police said on Friday.

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The fraud that took place at Buldana Urban Cooperative Credit Society came to light on Thursday, inspector Gorakh Dive said.

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The clerk at the institution and a local trader had allegedly hatched conspiracy and embezzled Rs 3.26 crore between April 5, 2021 and Nov 1, 2022, he said.

Based on a complaint lodged by a recovery officer, a case under sections 409 (criminal breach of trust), 420 (cheating) and other relevant provisions of the Indian Penal Code has been registered, the official said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)