Rajasthan
Navjeevan Credit Cooperative Society: Ca Held In Navjeevan Co-op Society Scam | Jaipur News
Jaipur: Tightening a noose against those responsible for cheating and fraud in the Navjeevan Credit Cooperative Society, the special operation group (SOG) arrested a chartered account in the case registered in 2019. This is the third arrest made in a week so far in this case.
According to SOG sources, the accused identified as Kanisth Singal, during his stint as chartered accountant of Navjeevan Credit Cooperative Society, had done the audit of the society’s accounts from 2012 to 2017. “He had verified the forged accounts and documents of the society which were used in a planned cheating,” said an official release by the SOG.
A case under section 420, 406, 409, 471A and 120-B was lodged by police station SOG in 2019 in connection to the multi crore fraud by the society in which the society’s directors had allegedly diverted funds of nearly Rs 400 crore of around 1,93,821 investors in the accounts of their relatives, friends and family members. The accused chartered accountant had verified the forged documents and accounts of the society so that the actual investors of the society should not be able to know its financial condition. “The accused could have been a whistle blower in discovering the fraud,” an officer added.
According to SOG sources, the accused identified as Kanisth Singal, during his stint as chartered accountant of Navjeevan Credit Cooperative Society, had done the audit of the society’s accounts from 2012 to 2017. “He had verified the forged accounts and documents of the society which were used in a planned cheating,” said an official release by the SOG.
A case under section 420, 406, 409, 471A and 120-B was lodged by police station SOG in 2019 in connection to the multi crore fraud by the society in which the society’s directors had allegedly diverted funds of nearly Rs 400 crore of around 1,93,821 investors in the accounts of their relatives, friends and family members. The accused chartered accountant had verified the forged documents and accounts of the society so that the actual investors of the society should not be able to know its financial condition. “The accused could have been a whistle blower in discovering the fraud,” an officer added.
