Team Goemkarponn
Panaji: The Economic Offences Cell (EOC) is probing allegations of cheating and criminal breach of trust against the office bearers of M/s Hariom Multistate Co-operative Credit Society Ltd., following complaints of large-scale investor fraud.
Preliminary investigations have revealed that between 2016 and November 2022, investors were allegedly induced to invest in recurring and fixed deposits with promises of high returns. The society is also alleged to have operated an office in Goa without obtaining the required permissions. On maturity, the deposited amounts were allegedly not repaid, resulting in a wrongful loss of approximately ₹1.69 crore to investors.
The EOC is examining the roles of the office bearers, directors, branch manager and staff. The investigation includes collection of documents, scrutiny of financial transactions and recording of statements, which is currently underway.
In connection with the case, an EOC team led by PI Nilesh Shirodkar arrested Shivaji Kisan Jadhav, the then Chairman of M/s Hariom Multistate Co-operative Credit Society Ltd., on January 22, 2026. He has been remanded to 14 days of police custody.
Further investigation is being carried out by PI Nilesh N. Shirodkar under the guidance of DySP Francis Corte, EOC, and under the overall supervision of SP, EOC Arshi Aadil, IPS.
