Economic Offences Wing (EOW) has registered a case against the former General Manager of District Cooperative Central Bank, Mandla and three others following a probe into a major financial scam involving the Alp Bachat Credit Co-operative Society.

 

The investigation focussed on a 2011 Loan Sub-Committee meeting. Although the Alp Bachat Society was already in default of Rs. 38 lakh, official records were tampered with to facilitate a new credit limit of Rs. 65 lakh. The accused include Narendra Kori (Ex-GM), N.L. Yadav (Ex-Establishment In-charge), Atul Dubey (Ex-Accountant), and Shashi Chaudhary (Manager, Alp Bachat Society). The Forensic analysis showed that the status of the loan application was changed from “Disapproved” to “Approved” after the meeting concluded.

 

Former General Manager Narendra Kori allegedly suppressed the society’s debt status and authorized the release of Rs. 65 lakh within 72 hours of the manipulated meeting. The documents were falsified by the then-Establishment In-charge, N.L. Yadav and Accountant Atul Dubey to cause wrongful loss to the bank. The current manager of the society, Shashi Chaudhary, is accused of illegally soliciting over Rs. 26 lakh from non-members in violation of cooperative statutes. The EOW has filed FIR No. 168/2025 under various sections of the Indian Penal Code (IPC), including Section 409 (Criminal breach of trust), 420 (Cheating), 467/468/471 (Forgery), and 120B (Criminal conspiracy), alongside Section 7C of the Prevention of Corruption Act, 2018. Further investigation is currently underway to determine if other officials were involved in the conspiracy.