The Economic Offences Wing (EOW) has registered a criminal case involving alleged financial irregularities exceeding Rs 8 crore against officials of a primary agricultural cooperative society and a district central cooperative bank in Madhya Pradesh.
Following verification of Complaint No. 278/19 by its Ujjain unit, the EOW found that office bearers of Rajoda Primary Agricultural Credit Cooperative Society, District Dewas, in alleged collusion with officials of the Dewas District Central Cooperative Bank, fraudulently sanctioned loans between 2016 and 2019 without farmers’ knowledge.
Investigators revealed that over 400 hectares of excess land were shown to inflate credit limits, resulting in loans exceeding Rs 5 crore beyond eligibility. Additionally, crop insurance claims worth over Rs 65 lakh were allegedly secured by insuring the same crop multiple times in a single season.
The then secretary reportedly withdrew over Rs 1.12 crore by forging farmers’ signatures. Offences under IPC sections related to cheating, forgery, criminal breach of trust, and provisions of the Prevention of Corruption Act have been invoked. Investigation is ongoing.
