Pune, 29th June 2021: The economic offences wing (EOW) of Pune city police has arrested main accused Jitendra Kandare of Jalgaon in the Rs 1200 crore scam related to Bhaichand Hirachand Raisoni (BHR) Multistate Cooperative Credit Society. He was detained around 9 pm in Indore, Madhya Pradesh.
In the FIR his name is specifically mentioned as the main culprit who has formed a racket and duped fixed deposit (FD) holders and the Society. The Society allegedly attracted depositors by offering 13 per cent interest rate on fixed deposits. People deposited crores of rupees in the FDs but didn’t get the assured returns.
Based on a complaint from retired teacher Ranjana Ghorpade (65), Deccan Gymkhana police station registered an FIR in November last year. Police arrested some accused while Kandare was absconding.
Acting on a tip-off received by DCP (EOW) Bhagyashree Navtake, a team reached Indore and nabbed…