Silvester D’Souza
Daijiworld Media Network – Kundapur
Kundapur, Feb 14: Allegations of fraud have surfaced against Kundapura Souharda Credit Cooperative Ltd, located in Venkataramana Arcade, Kasaba village, Kundapur. Following complaints from depositors, the police registered a case and sealed the society’s office on Thursday.
According to reports, Sridhar (57) from Kundapura had deposited Rs 2 lac in his daughter Sriraksha’s name and Rs 5 lac in the name of his other daughter, Varsha, in the cooperative society on July 22, 2022. However, despite the maturity period ending, the society failed to return the deposit amounts. Additionally, around 44 depositors have alleged that a total sum of Rs 7,25,24,831 remains unpaid even after the completion of the deposit tenure.
A case has been registered at Kundapur police station against the cooperative’s chief executive officer, Shivananda, and directors Prakash Lobo, Mahesh Lakshman Kotwal, Vittal, Avinash Pinto, K Rajesh Daivajnya, H Mahabal, Ratnakar, Dayananda Marvin Fernandes, Saroj, Sudhakar, Gopal, and Dr Dinakar. The accused have been charged with breach of trust, fraud, and misuse of authority.
On Thursday, police sealed the office of Kundapura Souharda Credit Cooperative Ltd and have initiated further investigations.