CID has registered several cases against 26 persons for allegedly defrauding Kutch District Central Cooperative (KDCC) Bank of Rs 35 crore loans by forging documents and not repaying the amount, reports Indian Express.
CID says the fraud case is connected to the alleged murder of former BJP MLA Jayanti Bhanushali. One of the accused Thakkar had allegedly plotted to kill the BJP MLA in 2009.
All the accused were detained for interrogation.
The cases have been launched against eight village cooperative societies of Abdasa and Mandvi talukas of Kutch district. These cooperative societies are member societies of KDCC Bank, police say.