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Thane: 22 persons booked for misappropriation of funds of housing society

According to the police, the co-operative department had conducted an audit of the accounts of the society and unearthed the misappropriation of funds

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An offence has been registered against 22 members of the managing committee of a housing society in Maharashtra`s Thane city in connection with alleged misappropriation of funds to the tune of Rs 18.18 lakh, police said on Friday.

The police on Thursday registered a case under section 420 (cheating) of the Indian Penal Code against the accused, including the chairman, secretary and treasurer of the housing society located in Panchpakhadi area of Thane, an official said.

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