Pune BHR Credit Society Fraud: Krunal Shah’s anticipatory bail rejected by Special Court

December 8, 2020

Pune: Krunal Shah, the Ahmedabad-based website developer, who created the fake website of Bhaichand Hirachand Raisoni Multistate Cooperative Credit Society Limited, has been denied pre-arrest bail by the Special Court in Pune. Special Court Judge S S Gosavi on Monday rejected the anticipatory bail application filed by Shah.

Shah, allegedly at the behest of BHR Credit Society Administrator Jitendra Kandare, had created the fake website of the organisation in order to dupe its investors. Two other suspects, Anil Pagaria and Prakash Wani had also filed a pre-arrest bail application in the Pune court. The court granted them pre-arrest bail. Prakash Vani used to help Jitendra Kandare in the office.

Earlier, Pune City, Rural and Pimpri-Chinchwad City police had conducted a joint raid in the embezzlement case at the BHR Credit Society. Police had arrested five suspects from Jalgaon on charges of duping investors of the BHR Credit Society.

A retired teacher Ranjana Khanderao Ghorpade (65), a resident of Bhosale Nagar, has filed a complaint in this regard at Deccan police station. The arrested suspects have been identified as Jitendra Kandare, Wani alias Sujit Subhash Bawiskar (42), Dharam Kishor Sakla (40), Mahaveer Manikchand Jain (37) and Vivek Devidas Thackeray (45), all residents of Jalgaon. Kandare has been remanded to police custody for four days by the court in Pune. The other suspects will be in police custody till December 6. Police have earlier booked Maheshwari, Prakash Wani, Kunal Shah, Sunil Zanwar and Yogesh Sakla in this case.

According to police, Kandare was appointed as an administrator of BHR in 2015 but he intentionally didn’t conduct the audit to hide the embezzlement. The suspects had created a fake website in the name of BHR and transferred the properties of BHR in low rates to a firm owned by Zanwar. Along with these properties the suspects also created fake receipts in the name of investors and created false records about their full repayment.

Complainant Ranjana and her sister had invested Rs 16.90 lakh. Suspect Vivek Thackeray took Rs 18600 from her on a false promise of returning her invested money.
The BHR Multistate Cooperative Credit Society Directors have so far 81 cases registered against them. When police raided the house of Kandare, they found more than 100 bogus stamps in the name of different government officers.

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