The Angamaly police have arrested a man in a case of alleged cheating and forgery running into ₹55 crore at the Urban Cooperative Society, Angamaly.
The arrested is Shiju, 45, of Angamaly. He was serving as the accountant of the Society. The arrest was made in a case registered on the basis of a complaint lodged by the Joint Registrar General, Cooperative department, with District Police Chief (Ernakulam Rural) Vaibhav Saxena.
According to the first information report (FIR) registered by the Angamaly police, the alleged forgery and resultant cheating had been taking place since July 7, 2002. Loans were sanctioned on forged applications as well as applications submitted without requisite documents even in the name of non-members, the FIR said.
