Cooperative society cheats depositors of Rs 12 lakh

Hubballi: A cooperative society has been accused of shutting its operations and making away customers' deposits price lakhs of rupees.

According to a police grievance lodged by one Shobha Meti, Samruddhi Jeevan Foods India Limited and Samruddhi Jeevan Multistate Multipurpose Cooperative Society, that have been located at Vishnu Priya Complex, cheated customers. The Kundgol-based complainant has lodged the grievance against Kishan Motewar, the founding father of the society who's a resident of Pune, and eight others.


Shobha mentioned that she and her husband deposited Rs four.50 lakh while other customers invested Rs 7.50 lakh within the type of mounted deposit and routine deposit. The place of job was once closed when the maturity were drawing near.


Sub-urban police have registered a case on this regard. Inspector M P Sarvagol advised TOI that 14 agents were employed with the society.


Cooperative society cheats depositors of Rs 12 lakh Cooperative society cheats depositors of Rs 12 lakh Reviewed by kailash soni on February 12, 2018 Rating: 5
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