Directors of a co-operative society even after dissolution of the board withdrew cash from society’s account and thus caused loss to the organization by cheating.
This case came to light when the complainant, Amit Suresh Kasture, resident of c/o Haribhau Thakre, VHB Quarters, Tukdoji Chowk, Nagpur, working as administrative officer at Dhrudhsankalp Nagari Sahakari Patsanstha Ltd, Nagpur lodged a report against the society’s former directors.
It was found that the board of directors of society was dissolved on 14-11-2013 after their resignations by a resolution no.3. But in spite of the fact that of dissolution when they had no power or authority in administration of society they withdrew money from the society’s account. The accused 1) Anil Ashok Sahane(former president) 2) Chandrakant B Jamkar (former secretary) withdrew an amount of Rs 3,50,000/ on 27-12-2013 from society’s account with Bank of Maharashtra, Ayodhyanagar, account no. 20088700115 for their own benefit.
On the report of the administrative officer, police inspector, Choughule of Hudkeshwar police station has registered the case under sections 420, 406 and 34 of the Indian Penal Code.