Cooperative Credit Society Manager Arrested for Fake Accounts Scheme
Credit society manager held for allowing Kharat to open 32 fake accounts
Hindustan Times
Image: Hindustan Times
Avinash Kandekar, the manager of a cooperative credit society in Kundewadi village, Nashik district, India, was arrested for allegedly facilitating the opening of 32 fake accounts by self-styled godman Ashok Kharat. The accounts, opened between August 2016 and October 2023, involved transactions exceeding ₹57.90 lakh (approximately $69,500 USD).
- 01Avinash Kandekar was arrested for allowing the opening of 32 fake accounts.
- 02The accounts were opened by Ashok Kharat, who is also facing multiple sexual abuse charges.
- 03Kharat conducted transactions totaling over ₹57.90 lakh (approximately $69,500 USD).
- 04The police are investigating Kandekar's involvement in the fraudulent activities.
- 05Kharat has a history of criminal charges, with 16 cases registered against him.
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Avinash Kandekar, aged 53, the manager of a cooperative credit society in Kundewadi village, Nashik district, India, has been arrested for his role in the opening of 32 fake accounts by Ashok Kharat, a self-styled godman. The police, led by Inspector Hemantkumar Bhamare, stated that these accounts were opened between August 2016 and October 2023, with transactions totaling over ₹57.90 lakh (approximately $69,500 USD). The fraudulent activities came to light after Narayan Ghotekar filed a police complaint on April 21, discovering that Kharat had opened an account in his name without consent. The investigation revealed that Kharat had opened 31 additional accounts, raising suspicions about Kandekar's knowledge and involvement. Kharat, who has previously been charged with 16 cases of sexual abuse and harassment, was re-arrested in connection with these allegations and is currently in police custody until April 26.
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This case raises concerns about the integrity of local financial institutions and the potential for fraud, affecting trust among community members.
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