The Pune unit of the Criminal Investigation Department (CID) has arrested Archana Suresh Kute, director of Dnyanradha Multistate Co-operative Credit Society Ltd (DMCSL) and wife of its chairman, Suresh Kute, in connection with a massive Rs2,470 crore deposit scam.
Archana Kute was apprehended from the Pashan area after allegedly evading authorities for over one and a half years since the scam came to light. The scam involves funds collected from over 4,000 depositors under the pretense of attractive returns.
Earlier, CID had already arrested her husband, Suresh Kute, who is the main accused. From May to September 2025, 95 FIRs were filed against members of the board, including the chairman, vice-chairman, secretary, and other key officials.
During the investigation, authorities seized assets worth Rs2.10 crore, including:
Gold ornaments worth Rs80.9 lakh (60 pieces)
Silver items worth Rs56.75 lakh (270 pieces)
Cash of Rs63 lakh
Vehicles, including a BMW and a scooter
In addition, the Enforcement Directorate (ED) has identified properties worth ₹333 crore linked to the Kute family and other accused. A total of 207 properties have been listed for action under the Maharashtra Protection of Interest of Depositors (MPID) Act.
Out of the 13 directors involved in the scam, 9 have been arrested, including the key figures Suresh Kute and now Archana Kute.
