Chandrapur : The Economic Offences Wing (EOW) of Chandrapur police has appealed to investors allegedly cheated of Rs8.5 crore by a credit co-operative society to submit their investment documents to facilitate the process of identifying victims and initiating recovery proceedings.
The society, established in Chandrapur in 2023, allegedly lured local investors with attractive deposit schemes, promising annual interest of 9.75% on fixed deposits and lucrative returns under various recurring and monthly investment plans, according to the police. The complainant, Chandrakishor Mandavkar (52), a resident of Warora, alleged that he was cheated of Rs8.8 lakh. The police have identified 1,331 other investors who allegedly lost a combined Rs8.5 crore. A case was registered at Ramnagar police station under relevant provisions of the Bharatiya Nyaya Sanhita and the Maharashtra Protection of Interest of Depositors (MPID) Act, 1999, against nine directors of the society.
The EOW is investigating the case. Investors who have not received their money back have been asked to submit deposit certificates, payment receipts, Aadhaar and PAN cards, and a photocopy of their nationalised bank passbook, along with the prescribed Appendix-I claim form, at the EOW office on the premises of the Superintendent of Police’s office in Chandrapur.