Maha: 5 booked for misappropriating funds of co-op housing societies in Thane
An offence has been registered against an administrator appointed to oversee workings of cooperative housing societies and four others for alleged misappropriation of funds in Maharashtra's Thane city, police said on Friday.
A case under sections 402 (cheating), 409 (criminal breach of trust) and other relevant provisions of the Indian Penal Code was registered against the accused, an official from Kapurbawdi police station said. According to the police, the main accused in the case was appointed to oversee the affairs of erring cooperative housing societies in the city, which had reported mismanagement.
Members of societies complained to the co-operative registrar, who ordered an audit of accounts and several irregularities came to fore, the official said.
Though he was authorised only to oversee the management of societies, the accused official had illegally spent Rs 40.22 lakh for various works without taking permission from members, he said.
Beneficiaries and contractors who were awarded the contracts without following any regulations have also been named in the FIR.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Rs 40.22
Fire breaks out at godown in Maharashtra's Thane
Human skull found during cleaning of well in Maharashtra's Palghar
3 labourers killed, 2 injured as under-construction structure collapses in Maharashtra's Palghar
Man held for posing as IAS officer with PMO in Maharashtra's Pune
Dalit man killed `for celebrating Ambedkar birth anniversary' in Maharashtra's Nanded