Pune City police arrested five people for their involvement in the alleged scam of Rs 1,200 crore that hit the Bhaichand Hirachand Raisoni (BHR) State Cooperative Credit Society in Jalgaon, Maharashtra, reports Indian Express.
One of the five accused is the liquidator himself of the BHR cooperative credit society. Police said incriminating documents had been seized in the searches carried out at the premises of the accused people.
A retired teacher who had been cheated of Rs 17 lakh by the accused had lodged a FIR with the police. The criminals had been booked under various sections of IPC.
