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Branch officer of rural cooperative institution booked for misappropriation of Rs 23.40 lakh

Kolhapur, Dec 14 (UNI) The Rural Police on Saturday booked a branch officer of Shahu Gramin Shetkari Sahakari Sanstha (Shahu Rural Farmers’ Cooperative Institution) at Hanmant village in Karveer tehsil of the district on the charge of alleged misappropriation of Rs 23.40 lakh, with diverting amount in his bank account without debited in Institutions.
The alleged accused, Uttam Jyotiba Shinde, resident of Hanamantwadi village, who was working as branch manager, had transferred Rs 23.40 lakh into his own account during April 2014 to 2017, police said.
The fraud came to light during auditing of the books of accounts of the institution recently.
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