Credit society’s manager booked for irregularities

Vadodara: A manager of a cooperative credit society in Dabhoi was booked for taking loans amounting to Rs 5.5 lakh without any approvals or verification.
The accused Chetan Rathwa, who was serving as the manager of Shri Balaji Cooperative Credit Society Ltd since October 2005, had initially taken a loan of Rs 10,000 for himself without taking any approval of the executive committee of the society. Rathwa had not even submitted proper documents while applying for the loan.
Later, his wife Sunita applied for a vehicle loan amounting to Rs 5.4 lakh and Rathwa approved without any documents or following due procedures. After taking the loan amount, the couple did not even repay it. Recently when the society’s office bearers learnt about the irregularities committed by Rathwa, they approached Vadodara rural police. Based on their complaint, an offence of cheating was registered at Dabhoi police station.