A strange case of cheating by Beed District Central Cooperative bank has come to fore in which the CEO and his predecessor have been arrested.
People used to deposit their electricity bills to the BDCCB which would later deposit the amount to a nationalized bank in the account of Maharashtra State Electricity Distribution Company.
For the past two months this cooperative bank did not deposit the money in the nationalized bank despite having received the amount from consumers. The CEO B S Deshmukh failed to provide proper answer.A case of more than Rs five crores has been lodged against him.