Hingoli, Nov 1 Six persons, including three directors, of a credit society in Hingoli in Maharashtra were booked for allegedly cheating 61 depositors of Rs 1.69 crore by promising attractive returns and insurance cover, a police official said on Sunday.
The six, comprising three directors and three staffers of Hingoli Urban Nidhi Ltd in New Mondha area here, were booked on the complaint of one Vaibhav Fatale, who, along with kin, had invested Rs 14.25 lakh, he said.
“The case was registered at Hingoli city police station. The probe is being carried out by the Economic Offences Wing. As per the complaint, the credit society offered 12 per cent interest on deposits and promised insurance cover for investments of up to Rs 3 lakh. Attracted by these assurances, several people invested their savings between May 2020 and March 2024,” he said.
The company failed to make repayments after the deposits matured and eventually shut its office, he said.
“Fatale and other investors subsequently approached the cooperation department, which conducted an inquiry and found that 61 depositors had allegedly lost a total of Rs 1,69,15,493,” the official informed.
He identified the accused as Hingoli Urban Nidhi Ltd directors Jayesh Khargule, Santosh Dhudkekar and Rohin Khargule, and employees Dinesh Anekar, Monali Ambekar and Ajinkya Khargule.
(PTI News)
