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Dharashiv cooperative society branch manager arrested for allegedly faking Rs 25 lakh robbery to make up for money lost in online gambling

Dharashiv cooperative society branch manager arrested for allegedly faking Rs 25 lakh robbery to make up for money lost in online gambling

Time of India03-07-2025
Chhatrapati Sambhajinagar: Kailas Ghate, the branch manager of Lokmangal Cooperative Society in Dharashiv district, allegedly staged a robbery involving Rs 25 lakh and inflicted injuries upon himself to lend credibility to the hoax.
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Naldurg police arrested Ghate in connection with the incident.
Superintendent of police Ritu Khoker said the full amount of Rs 25 lakh was recovered from Ghate, revealing his attempt to orchestrate a robbery. The investigation revealed that Ghate developed an addiction to online gaming and gambling, resulting in continuous financial losses. "Over time, he accumulated personal debts of over Rs 12.5 lakh. To overcome his financial troubles, he devised a plan to walk away with Rs 25 lakh from the very bank where he worked and falsely claim robbers looted it," said LCB inspector Vinod Ijjapwar.
According to Naldurg police, on Monday, Ghate contacted them to report that he was depositing Rs 25 lakh in cash at the bank's Solapur head office when two unidentified men on a bike intercepted him near Chapala Tanda on National Highway 65. He alleged that the assailants threw chilli powder into his eyes, forcing him to stop his vehicle, then stabbed him in the chest, back, and right shoulder before fleeing with the cash bag.
Police examined Ghate's injuries and reviewed his statements. They identified several inconsistencies and initiated a detailed investigation. Within 48 hours, officers determined that the robbery was fabricated and discovered that Ghate had staged the attack to compensate for his losses from online gambling. The police probe revealed that Ghate intentionally inflicted self-injuries using a sharp weapon to make the incident appear genuine.
He was booked and arrested for the staged crime. Police are conducting further inquiries to ascertain whether other employees were involved or if Ghate acted alone.
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