Mumbai: Marine Drive police file FIR in alleged ₹1.66 crore society fraud

Marine Drive police have filed an FIR naming nine former officials and employees of the Maharashtra Mantralaya Cooperative Credit Society in connection with an alleged misappropriation of ₹1.66 crore.

Police registered the case on September 16 on a complaint by Umesh Gopinath Tupe, 55. The complaint concerns alleged financial irregularities at the society, located at Akashvani Aamdar Niwas in Mumbai, between April 1, 2017, and March 31, 2022.

According to the FIR, the nine people allegedly conspired to misuse their positions, prepare forged bills and divert society funds for personal benefit. The complaint puts the alleged loss to the society and its members at ₹1,66,96,514.

The FIR names former general manager Ramchandra Gopal Tawde and alleges that he and other employees arranged for their personal income tax to be paid from society funds. It also alleges that false statutory audit reports were prepared for the 2017-22 period.

The FIR invokes Indian Penal Code provisions related to criminal breach of trust, cheating, forgery and criminal conspiracy. Marine Drive police are investigating the allegations.