Kundapur: Manager arrested in multi-crore fraud case at Shiriyar Seva Cooperative Society


Daijiworld Media Network – Kundapur

Kundapur, Nov 19: Kota police have arrested one accused in connection with a multi-crore fraud reported at the Shiriyar Seva Cooperative Society’s Kavadi branch located in Sabarakatte.

The arrested accused has been identified as Suresh Bhat (38), a resident of Januvarakatte, Heggunje, who was serving as the in-charge manager of the Kavadi branch. Both Suresh Bhat and the branch’s junior clerk, Harish Kulal, had allegedly misappropriated Rs 1.70 crore from the society and later gone absconding. A case had been registered at the Kota police station.

A team led by Kota police sub-inspectors Praveen Kumar and Mantesh Jabhagoud, along with staff members Krishna Sheregar, Sridhar and Vijayendra, arrested the accused under the guidance of Udupi DySP Prabhu D T and Brahmavar circle inspector Gopikrishna. The other accused remains absconding, and search efforts are ongoing.

 

 

 

 

 

 

  

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Comment on this article

  • Dhiru Naik, Kudla

    Thu, Nov 20 2025

    'Bhat', These people are always involved in somethin illegal. Lock them up for good.

    DisAgree Agree [2] Reply Report Abuse

  • Vikram, Dubai

    Wed, Nov 19 2025

    ಕಳ್ಳತನ ಮಾಡಿ ...ಮಳ್ಳನ ತರ ಪೋಸ್ ಕೊಡ್ತ ಇದ್ದಾನೆ...

    DisAgree Agree [7] Reply Report Abuse

  • KS Mayya, Mangalore/Bangalore

    Wed, Nov 19 2025

    He is a manager and that is all. I got an offer to be on board of such a cooperative society bank (not this one, but one bank in Kalyan) for a token deposit of Rs. 20 Lakhs. I honestly asked, what will I do as a board member and by surrendering Rs. 20 Lakhs. The answer that I got startled me; "you can use the entire money of the bank for your use, interest free and return at your whims and fancies as a board member". Effectively, I can launder all the money as a board member. I did not have intention nor plans for such an offer but, it speaks volumes of how these banks are operated. In such scenarios, Branch Manager is a useful idiot at the hands of highest bidder viz., the board member. I don't know what happened here but would not be surprised if similar modus operandi is not in the works.

    DisAgree [6] Agree [2] Reply Report Abuse

  • Rita, Germany

    Wed, Nov 19 2025

    First of all one must blame who gave them the responsibility.What this person has the ability education etc?Even clerk?Did anyone checked their files or work?Whatever it is ,now throw them inside and pay for their fraud and come out.Everywhere same thing.

    DisAgree [2] Agree [6] Reply Report Abuse


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Title: Kundapur: Manager arrested in multi-crore fraud case at Shiriyar Seva Cooperative Society



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