Somnath Pandit, a cashier wanted in connection with a Rs8 crore embezzlement scam, was arrested by the Economic Offences Wing (EOW) of the police after being on the run for the past 18 months. He was apprehended on Friday night from Dharashiv district.
Pandit was produced before the Latur court on Saturday, which remanded him to police custody until May 7.
The scam came to light when a case was registered in February 2024 about the alleged misappropriation of Rs8,18,89,750 from the Maheshwari Bahuuddeshiya Sahakari Patsanstha. According to the police, the complaint indicated that both the branch manager and the cashier, Pandit, were involved in siphoning off the funds. Consequently, the credit society president, secretary, branch manager, and Pandit were all booked in the case.
An EOW team received a tip-off that Pandit was visiting his brother’s shop in the Dhoki area. Acting on this information, a swift police operation led to his arrest at around 10 pm on Friday.
