Nagpur: The Economic Offence Wing (EoW) of Nagpur Police has arrested Umesh Mendhe, the director of The Vidarbha Urban Credit Co-op Society, for defrauding its investors to the tune of Rs 1.19 crores.
According to police sources, the complainant, Anita Dharmendra Nagdevte (35), a resident of Gulshan Nagar, Kalamna, approached the EoW with a complaint. The accused, Mendhe, reportedly lured her and others with the promise of double returns in 84 months and collected money from them.
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However, despite promising high returns through various investment schemes, Mendhe allegedly defrauded the investors collectively of Rs 1,19,57,715.
Based on the lodged complaint, a team of EoW led by DCP Archit Chandak conducted investigations and registered an offence against Mendhe and other office bearers of The Vidarbha Urban Credit Co-op Society. Mendhe has been arrested in connection with the case. Further investigation is underway.
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