Karnataka Chief Minister has taken note of a fraud allegedly perpetrated by the former Chairman Gurunath Janthikar of Karnataka State Souharda Federal Cooperative- a federation of thousands of co-operatives active in the Souharda belt of the state.
In a stunning disclosure, one Mr Sangamesh Nowbade a resident of Bidar in Karnataka have accused former Chairman of Karnataka State Souharda Federal Cooperative Gurunath Janthikar of duping him of a large sum of money.
Victim Nowbade alleges that Janthikar colluded with a gang of brokers to rob him of Rs 47 lakhs. Though agents of Broker Company named Anand Rathi Share and Stock Broker Company are in jail, Souharda’s former Chairman is still at large.
Nowbade says he invested his money with Anand Rathi Share and Stock Broker Company which in turn opened an account in the credit cooperative society of Gurunath Janthikar named Kalyana Pattina Souharda Sahakari Niyamita wolfing down the whole amount.
A helpless Nowbade finally wrote a letter to Siddaramaiah, Chief Minister of Karnataka who took note of the matter
and asked RBI and NABARD to investigate. NABARD had asked State Registrar to investigate in the matter and submit the report.
Defending himself Gurunath Janthikar said to Indian Cooperative “Sangamesh is trying to tarnish my image in public. He is neither our member nor has account in our credit cooperative society. He has invested his money in share-company; how do we figure in the matter, he asked.
Sangamesh Nowbade, however refutes him vehemently.” I invested in the regional office of Maharashtra based Share Company but locals like Sandeep Kamalapurkar and Channappa Agadi cheated me by opening a fictitious account in Gurunath Janthikar credit society and later they withdrew the money. “Janthikar’s collusion cannot be denied”, he argued.
Earlier, Bidar police arrested Channappa Agadi. Nowbade says 28 cheques amounting to Rs 47.6 lakh were invested by him in the share company which never reached to its Mumbai head office. The cheques deposited were withdrawn through fake accounts.
He had parted with 3 crores in bidar cheated sevseral pepole