Massive Loan Fraud Uncovered at Babaji Daate Mahila Sahkari Bank

A Rs 240 crore loan fraud involving 206 individuals has been unearthed at Babaji Daate Mahila Sahkari Bank in Yavatmal, Maharashtra. The state government ordered a special audit which led to the registration of a cheating case against the accused, including the bank's management and officials.

A shocking loan fraud amounting to Rs 240 crore has come to light at Babaji Daate Mahila Sahkari Bank, a cooperative lender based in Yavatmal, Maharashtra. Police reported that 206 individuals are implicated in the case.

The government mandated a special audit of cooperative institutions to investigate the discrepancies. According to District Superintendent of Police Pavan Kumar Bansod, the inquiry revealed significant irregularities.

Following the audit, a cheating case was registered on Monday. The list of accused includes members of the bank's management and other officials. Further investigations are underway to uncover more details about the fraudulent activities.