A case has been filed against 57 individuals for defrauding investors of Samata Co-operative Bank Nagpur of Rs.145.60 crore. The accused, who had been on the run since the case was registered, was apprehended in Hyderabad by a team from the State Criminal Investigation Department (Pune CID). Investigations uncovered that the accused had been residing in Pune, Mumbai, and Telangana for the past 17 years concealing his true identity.
The arrested individual has been identified as Vijayakumar Ramachandra Dayama (Res. Fair View Society, Godavari Homes, Suchitra Jdmetla, Hyderabad, Telangana). Officers, employees, chairman, vice chairman, and board of directors of Samata Cooperative Bank in Nagpur were involved in misappropriating Rs.145.60 crore by presenting fraudulent loan cases. In 2007, a case was filed against 57 people for embezzlement and fraud at Sitabardi police station in Nagpur.
Due to the significant financial misconduct, the Nagpur police handed over the case investigation to the Nagpur branch of the CID. The Economic Offenses Wing of the CID was in charge of the investigation. Dayama had been residing incognito in Pune, Mumbai, and Telangana for the past 17 years. The Pune CID office received intelligence about Dayama's whereabouts in Hyderabad.
Subsequently, the Economic Offenses Branch team apprehended him in Hyderabad and transferred him to the Nagpur CID. Prashant Burde, Additional Director General of Police at the Pune CID, along with Special Inspector General of Police Dr. Dilip Patil-Bhujbal, and Superintendent of Police Vaishali Mane, under the supervision of Police Inspector Anand Rawde, Constable Vikas Koli, Sunil Bansode, and Pradeep Chavan, executed the arrest.