Police have arrested three people,including two employees of the State Bank of Patiala for destroying the records of a co-operative society to dupe depositors of lakhs of rupees.
Three persons who have been arrested include the treasurer and record keeper of the New Bankers Co-operative Thrift and Credit Society Ltd,Panchkula,Kamal Deep Singh and two employees in the clerical staff of the State Bank of Patiala,Rakesh Sharma and Kashmira Singh. While Kamal Deep Singh is already serving police custody,court of additional civil judge senior division,Saurab Gusain,handed over Rakesh Sharma and Kashmira Singh to a days police custody.
According to police officials,the trio had connived to destroy the records of the co-operative society and also to favour some of the people who had taken the loan from the society to write off their debts.
Police is investigating the volume of the money involved in the fraud,but initial investigations have revealed that it runs into lakhs of rupees.
Police officials who are investigating the case say that the some of the records of the co-operative society has been burnt and they are seeking the records from the government to ascertain the volume of fraud.
A case has been registered at the Sector 20 police station for fraud and criminal breach of trust,police officials said. Police is trying to ascertain the role of the top of management of the co-operative society in the fraud. According to police officials the two accused Rakesh Sharma and Kashmira Singh were arrested on the disclosure of Kamal Deep Singh that they helped him destroy the record.
Sources said that Rakesh Sharma had drawn a loan of over Rs 30,000 from the society due to which he helped in the destruction of the record. However Rakesh Sharmas counsel,Vinod Sharma,said that he was being falsely implicated in the case.
Police registered a case in the matter on the complaint of Inspector Co-operative Societies Panchkula,that the records were not submitted to his office by the co-operative society for necessary audit. On the complaint,the police officials from Sector 20 police station earlier went to check the record of the society in house no 1071,Sector 19,Panchkula,but no record was found there. The society shifted its office from Sector 19 to Baltana in Zirakpur area of Punjab. Police in the FIR noted that the money of the depositors has not been returned by the co-operative society.
The co-operative society was formed in the year 1992 in the name of State Bank of Patiala Karamchari Co-operatives Thrift and Credit Society Limited,Panchkula. In the year 2007 the name of the society was changed to New Bankers Co-operative Thrift and Credit Society Ltd. However the accused,Kamal Deep Singh,has revealed that the society was formed by one Sanjeev Sharma,and he was the one who was running the affairs of the society from giving loans to receiving deposits. Police officials said that they are ascertaining the role of Sanjeev Sharma in the fraud.