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Police yet to interrogate credit society chairman

Even three days after the arrest of the chairman of Dhanlaxmi co-operative credit society on charges cheating, the Nehru Nagar police has not been able to get any information out of him.

mumbai Updated: Sep 25, 2010 03:14 IST
Mohamed Thaver

Even three days after the arrest of the chairman of Dhanlaxmi co-operative credit society on charges cheating, the Nehru Nagar police has not been able to get any information out of him.

This is because the accused, Radheshyam Gupta (41) has been admitted to the trauma ward of Rajawadi Hospital ever since his arrest on Tuesday morning. Gupta has allegedly duped at least 100 people for around Rs 10 crore.

“Ever since his arrest, Gupta has been complaining of chest pain and has got himself admitted in hospital. Hence we have been unable to interrogate him,” said a police officer from Nehru Nagar police station, on condition of anonymity.

Gupta was to present himself before the Vikhroli court after his police custody ended on Friday.

“Gupta was not present in the court. A doctor’s certificate was produced before the court claiming that he had fever and chest pain and will have to be in the hospital till Sunday. We will have to wait till Monday to interrogate him,” the police officer added.

Ayodhya Sahu (68), whose complaint to the police got Gupta arrested, said, “As per my estimate, there are more than 100 people who have invested in the credit society with around Rs 10 crore at stake. Several people have approached the local police station with complaints against Gupta after his arrest.”

Sahu had invested Rs 5.5 lakh with the credit society over the past five years but did not get it back despite repeated attempts.

According to police, Gupta would lure investors from his own community by asking them to help him, offering interest rates as high as 18 per cent on their deposits.

Gupta who resides in a building next to Amitabh Bachchan’s bungalow at JVPD also owns a car showroom and is a builder as well in addition to being chairman of the credit society, the police said.