Sitabuldi Police File Charges Against Manager for ₹4.33 Lakh Embezzlement
Nagpur, India: The Sitabuldi Police have registered a case of fraud against Rajendra Motiram Shigorkar, a 47-year-old resident of Katol, Nagpur, for allegedly embezzling funds from a cooperative credit society.
According to the complaint filed by Sunil Ashok Burade, the secretary of the Animal Husbandry Employees Cooperative Credit Society, Shigorkar misappropriated ₹4,33,368 between August 2012 and January 16, 2024. During this period, Shigorkar, who was working as a manager at the society, allegedly collected loan EMIs from society members but diverted these funds into his account instead of depositing them into the society’s account.
The fraudulent activity was uncovered when discrepancies were found in the financial records of the society. Burade, a resident of Thackeray Layout in Nagpur, filed a formal complaint with the Sitabuldi Police Station after discovering the financial irregularities.
Acting on the complaint, the police have registered a case against Shigorkar under Sections 420 (cheating) and 409 (criminal breach of trust) of the Indian Penal Code. Sub-Inspector Waghmare, who is handling the case, confirmed that an investigation is ongoing to gather more evidence and details regarding the embezzlement.
The Sitabuldi Police have assured that all necessary steps will be taken to ensure justice is served and to prevent such incidents from happening in the future. Further updates on the case will be provided as the investigation progresses.
