VIRUDHUNAGAR, SEPTEMBER 9: The Commercial Crime Investigation Wing has registered three cases of cheating against office-bearers of three primary agricultural cooperative societies (PACS) after it misused funds to the tune of Rs. 69.57 lakh to Rs. 1.95 crore. As all of them have been absconding after officials of the Department of Cooperation started enquiries into complaints, nobody could be arrested. After Deputy Registrar Ravindran lodged complaints following a report filed by a team of officials who conducted enquiries and verified the documents in the societies in Veppankulam, Pattamangalam and Alagapuri in the district. The total amount misappropriated was estimated at Rs. 4.45 crore. Fake gold loan accounts had been created by the office bearers and misappropriated money without having deposited gold jewellery in the societies, Police said. Similarly, they forged documents as if gold pledged by genuine borrowers had been taken back on repayment of loans, and deposited them in other financial institutions. Secretary A. Rajinikanth, and the president, Ravichandran, of Veppankulam PACS were booked by the Police for criminal breach of trust, forgery and falsification of accounts said, Inspector of Police, IOP, Mr. S. Ganeshdass said. The two had been charged with siphoning of Rs. 69.57 lakh from the society between September 2014 and March 2016. In the second case, the secretaries, R.S.R. Venkatachalam and Krishnasamy, of Pattamangalam PACS, had been charged with misappropriation to the tune of Rs. 1.95 crore in August 2016. In Alagapuri PACS, in the third case reported, the police had booked the Secretary, R. Muniyandi, and the president, Muthuraj, for allegedly swindling Rs. 1.81 crore in August 2016. Deputy Superintendent of Police, (DSP), CCIW, Tirunelveli, will investigate the case, he added. Courtesy: The Hindu ]]>
