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RAJKOT: Hundreds of people in the city have been cheated of nearly Rs 60 crore by office bearers of a credit cooperative society who lured them with handsome returns and good interest rates.
Police booked Sanjay Dudhagara, Gopal Raiyani and Vipul Vasoya who were running Rameshwar Sarafi Sahakari Mandali for the past six years. All three are on the run.
Dudhagara was its chairman, Raiyani vice-chairman and Vasoya the manager of the institution.
“They took deposits of various amounts from people by promising them handsome returns with good interest rates. The investors were offered alluring monthly, quarterly and yearly schemes. They had made 4,200 members from Rajkot city, Padadhari taluka and Kalawad and Jamjodhpur talukas of Jamnagar too,” said police.