Cooperative Society President Arrested for Fraud

Vinay Kumar Mishra, president of the Mithila Cooperative Thrift and Credit Society, has been arrested by the Economic Offences Wing (EOW) of Delhi Police for allegedly swindling over Rs 3 crore from at least 45 investors, primarily targeting daily wage workers. Mishra lured victims with promises of high returns on investments but misused the funds for personal gain. He was apprehended in Dhupguri, West Bengal, after evading authorities since May when the EOW first received complaints. During his previous employment, he learned the tricks of soliciting public deposits, which he later applied in his own fraudulent schemes. Currently, he is under police remand for further interrogation to uncover the full extent of the scam and identify any accomplices. More victims are expected to come forward as the investigation continues.