Anand Appugol the Chairman of Shri Krantiveer Sangolli Rayanna Co-Operative Credit Society who was missing since a fortnight has been nabbed by the Karnataka Police in Mumbai and he is been brought to Belagavi.
From the past several months the depositors of Shri Krantiveer Sangolli Rayanna Co-Operative Credit Society were not able to get back their deposits even after maturity and the amount is the tune to Rs.300 crores.
The depositors since the past week were seeing going to the house of the president Anand Appugol and also follow up with the bank, but the bank was unable to repay the deposits.
Appugol had tried to get anticipatory bail but all his attempts have gone in vain. A case has been registered by the Co-op department.
Appugol is has been brought to Belagavi and was produced in Court.