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Finance Co director remanded to police custody
Nashik,
Dec
5:
A
court
here
on
Tuesday
remanded
a
director
of
a
finance
company
to
police
custody
till
December
6,
for
cheating
several
farmers
to
the
tune
of
lakhs
of
rupees.
The accused, Vilas Hari Jadhav, director of V M Finance, was arrested on Monday for allegedly cheating several farmers, police said here today.
He was produced before a local court which remanded him to police custody till December 6. Jadhav's wife, Meenakshi, another accused in the alleged cheating case, is also in police custody till December 6.
Meanwhile, the number of farmers cheated by the duo has gone upto 30 and the amount of the fraud is believed to be Rs 22 lakh and it may aggregate to Rs 30-32 lakh, police said.
Some farmers from outside the district have also fallen prey to the Jadhav couple, who offered loan to the farmers at low interest rate.
UNI
