Deccan Express: Pune Police on Monday night arrested Jitendra Kandare, main accused in the alleged scam of around Rs 1,200 crore related to the Bhaichand Hirachand Raisoni (BHR) State Cooperative Credit Society.
Officials from the Economic Offences Wing of Pune Police arrested the accused from Indore, Madhya Pradesh.
Acting on the tip-off, police sent the team to arrest the accused. Kandare was appointed as a liquidator and was supposed to recover the money of depositors by selling BHR’s property.
Police were searching for Kandare who was absconding since Pune session court and Mumbai High Court dismissed his bail petition in the case. After seven months of search, police got the information about the accused and acting swiftly on the information Bhagyashree Navtake, Deputy Commissioner of Police (DCP) sent a team to Indore and arrested the accused.
However, one more accused Sunil Zanwar is still absconding and search for him is going on.
Ranjana Ghorpade, a 65-year-old retired teacher had lodged the First Information Report (FIR) in this case at the Deccan police station in November. As per the FIR, Ghorpade and her sister were duped of over Rs 17 lakh by the accused.
Based on her complaint, police have booked Kandare along with Maheshwari, Prakash Wani, Kunal Shah, businessman Sunil Zanvar, Yogesh Sakhala under various Indian Penal Code sections including cheating, forgery, criminal conspiracy and sections of the Maharashtra Protection of Interest of Depositors Act 1999.