PUNE: Deccan police have registered a case against the chief executive officer (CEO) and a divisional manager of Buldhana Urban Co-operative Credit Society (BUCCS) for allegedly causing a financial loss of ₹ 34.77 crore through irregular transactions and financial decisions taken without the approval of the board of directors.
It later conducted a forensic audit and submitted a complaint to police. The complaint alleges that maintenance expenses were incurred without approval and additional amounts were deposited into borrowers’ accounts without their consent before being diverted to other bank accounts. Police are examining alleged irregularities in other accounts maintained by the society.
Following the findings, the society terminated the services of Deshpande and Pokale in December 2025.
Police said the irregularities came to light during an audit of the society’s accounts. Sub-inspector Suhas Patil of the Economic Offences Wing (EOW), which is investigating the case, said police would examine the society’s financial records, loan documents, account statements and audit reports. DCP (Zone I) Krushikesh Rawale said the case was registered at Deccan Police Station and transferred to EOW.
