A group of 14 farmers had jointly purchased a plot of land at Nevali in Navi Mumbai for Rs 3.46 crore. To complete the payment for the land, they had approached the cooperative credit society for a loan

Police have registered a case against the chairman and staff of a co-operative credit society for allegedly cheating a group of farmers of Rs 14.59 lakh by promising them a loan for a joint land purchase in Navi Mumbai , officials said on Tuesday, reported news agency PTI.

A group of 14 farmers had jointly purchased a plot of land at Nevali in Navi Mumbai for Rs 3.46 crore. To complete the payment for the land, they had approached the cooperative credit society for a loan. Read More

The credit society chairman assured the farmers of a Rs 6 crore loan (for payment and plot development)

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