India, Aug. 5 -- A Rs.6.67-crore fraud at a cooperative credit society catering to Mathadi workers came to light after workers began receiving EMI notices for loans they said they had never taken. The APMC police have booked seven people for allegedly opening fake memberships and sanctioning loans in workers' names without their knowledge.

According to police, the accused, including office-bearers of the society, a branch manager, a clerk, a union functionary and labour supervisors used forged documents and fake signatures to create bogus accounts. They then allegedly prepared fraudulent loan applications in the names of Mathadi workers without their knowledge, secured approvals on fabricated records and diverted about Rs.6.67 crore.

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