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