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HomeNationalFraud Case | Fugitive agent arrested defrauded investors out of millions ...

Fraud Case | Fugitive agent arrested defrauded investors out of millions MIGMG News

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Maharashtra Two arrested in connection with bank fraud in Latur

Gadchiroli, Mangesh Narad, who worked as a manager and agent in the city’s Vijaya Mahila Nagari Patsanstha, duped millions of rupees from several investors by luring them with high interest. After the complaint of the investors, Gadchiroli police increased the pace of investigation and arrested this absconding agent in just 5 days.

67.31 Lakh Rs. fraud of

Mangesh Narad, an agent and manager working in the city’s Vijaya Mahila Nagari Sahakari Patsanstha, encouraged some families from the campus, including Navegaon, near the city, to invest in the said Patsanstha, telling them that the interest rate was higher than that of other nationalized banks . Total Rs 67 31K 650 through RD and Daily Pygmy Savings. Deceived investors.

Arrested from Sindevahi of Chandrapur district

After the end of the deposit period of those who invested in Patsansta, they started demanding money from the concerned agent. Meanwhile, accused Mangesh Narad fled from Gadchiroli switching off his and his wife’s mobiles since January 30. In this case, once the case was registered at Gadchiroli police station, he lived in different places hiding his identity and misleading the police to avoid arrest. But once the complaint reached Arvind Kumar Katlam, the investigating officer, the police worked hard day and night to get information about the reality of the absconding accused. Meanwhile, the Gadchiroli police managed to arrest the accused Mangesh Narad from Sindewahi in Chandrapur district on Friday.

Fake FD and fake signature

Agent Mangesh Narad prepared fake passbooks of FD, the Dainik Pygmy Savings Scheme. During this he duped the Pantsanstha Board along with the investors by signing fake signatures of the authorized Chairman and Director of Vijaya Mahila Nagari Patsanstha.

Police custody until March 4

The Gadchiroli police have ordered the accused to be remanded in police custody till March 4, after they are produced in court. Investors who have been defrauded have been urged to contact Investigating Police Inspector Arvindkumar Katlam.

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