The CBI has filed an FIR against officials of the Nagpur-based Nirmal Ujjwal Credit Cooperative Society after the High Court ordered a probe into alleged irregularities, media reports say.
On November 20, the Nagpur bench directed the agency to investigate suspected financial impropriety, mismanagement and misconduct in the multi-state society, where deposits of over Rs 1,400 crore are reportedly at risk.
The court noted violations of the MSCS Act, excess deposit mobilisation and misleading profit figures. It also questioned police inaction and the Registrar’s delayed response. The CBI will examine the roles of both, and proceed independently, filing either a summary or chargesheet based on its findings.
