Credit Coop Society director remanded to police custody

Credit Coop Society director remanded to police custody

Agency News

Nanded, Apr 4: A sessions court here on Wednesday remanded a director of a Credit Cooperative Society to police custody for five days for allegedly duping a medical practitioner of Rs 11 lakh in 2017.

As per details, Dr Vinod Kumar Agarwal, resident of Niwgha in Hadgaon tehsil of the district, had lodged a complaint against Sridhar Kolpe of the Kolte-Patil Multi-State Credit Cooperative Society, accusing Kolpe of having deceived him of Rs 11 lakh in 2017, sources said. Following which, the Hadgaon police had filed a case and handed over the matter for investigation to the Economic Offences Wing of Crime Branch, Nanded.

Meanwhile, accused Kolpe was also sentenced by a court at Ausha for deceiving investors of Rs 57.5 lakh through the Society and he was serving a sentence in Latur jail. However, the Supreme Court had released him on conditional bail to pay the amount within 10 days, but the accused could only pay Rs 10 lakh, hence he was again sent to prison in Latur.

As the custody of the accused was required for investigation by the Nanded police, accused Kolpe was brought here and presented before the court of Additional Sessions Judge S S Kharat who remanded him to police custody for five days, sources added. It is believed that the accused had duped over 200 investors. (UNI)