Allegations of fraud exceeding ₹1.50 crore by Nidhi Credit Society

A serious matter of alleged fraud exceeding ₹1.50 crore has come to light involving the Nidhi Credit Co-operative Society in Delvada, Una taluka of Gir Somnath district. It is alleged that the society induced large investments from investors by luring them with a monthly interest of 2 per cent and an annual interest of 24 per cent, but subsequently closed the society without returning the funds. A complaint has been lodged at the Una police station against the society's operator Manishaben Pandya and manager Dineshbhai Rathod.

According to a report by Sandesh, this fraud has created fears among investors regarding the loss of their money. The complaint states that a total of ₹70.50 lakh was invested in the society by the complainant and their family members. Additionally, 17 other investors had also deposited an amount of ₹80.13 lakh in the society. Thus, the complaint mentions that a total amount of more than ₹1.50 crore was collected from investors.

When investors began demanding the return of their invested amounts, the society's administration made promises on stamp paper to return the money. However, these promises have not been fulfilled, and the investors have not received their amounts. Investors allege that the society was closed without returning crores of rupees, and the operators of the society have absconded.

An offence regarding fraud and breach of trust has been registered at the Una police station, and an investigation has been initiated. The police are now investigating how many other investors are involved in this entire transaction and who else may be implicated in this fraud. There is currently significant anxiety and fear of financial loss among the investors.

In reference to this incident, resentment is being observed among local residents in the Delvada area of Gir Somnath due to this transaction operating in the name of the society. The police are taking action against the society's operators and manager, and a thorough investigation into the entire matter is underway.