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Mah: 37 booked in misappropriation case
Maharashtra

Mah: 37 booked in misappropriation case

Agency News

Kolhapur, Nov 13 : As many as 37 people including chairman and board of directors, of Shivam co-operative bank have been booked for misappropriating of Rs 24.40 crore.

A complaint filed by the Chartered Accountant, Laxman Shankar Hargapure (45) said that the alleged accused made bogus document and distributed loans to Solapur Vasantrao Naik Sootgirni. In audited accounts of Shivam bank, Mr Hargapure found that the chairman and other 36 persons opened a fake account in the name of Solapur based Vasantrao Naik Sooitgirni, using it's officical letterhead and made bogus documents and transferred a total of Rs 24,40,40,799 on its bogus loan account in March 2011 and Match 2018.

The prominents who are booked were as Abhijeet Madhavan Ghorpade(chairman), Prashant Babasaheb Chavan(CEO), Shivanand Shankar Nakate (manager) and others including director boards, employees. (UNI)