Several people who deposited money with the Amravati Mutual Aided Cooperative Society, Nuzvid, staged a protest outside the society’s office here on Saturday, stating that their money would be refunded.
The depositors, who applied for repayment of their savings, staged a protest demanding immediate repayment of funds and later lodged a complaint with the Nuzvid police.
DSP b. Following Srinivasulu’s instructions, the police registered a case and launched a search for the president, directors and members of the society.
“We are trying to find out how much money has accumulated in the society and how much has been misused. Police are trying to contact the depositors as well as members of the society. The situation in the society’s office is under control, ”said Nuzvid CI MV Narayan. The case is under investigation, the DSP said.
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