Pune’s Link to Nagpur Fraud Case: Vijayakumar Ramachandra Dayma’s Presence Uncovered After 17 Years

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Nagpur, 16th May 2024: The individual arrested in this case has been identified as Vijayakumar Ramachandra Dayma. Allegations suggest that between 1997 and 2007, Dayma, along with the then Chairman, Vice-Chairman, Board of Directors, Officers, Employees, and Creditors of Samata Cooperative Bank in Nagpur, colluded to defraud investors of a staggering amount totaling Rs. 145 crores and 60 lakhs.

The case of embezzlement involving 57 individuals was registered at Nagpur’s Sitabuldi police station and was under investigation by the Nagpur office of the CID. The investigation has revealed that the fugitive accused has been living in Pune, Mumbai, and the Telangana area for the last 17 years, hiding his identity.

Dayma, who had availed of a loan from Samata Bank without providing collateral, is accused of defaulting on repayment and subsequently being involved in financial irregularities. Despite efforts by the CID team to locate Dayma and his relatives at various locations, they remained elusive for 17 years.

Recently, the Financial Offenses Wing of the CID received information suggesting Dayma’s presence in Hyderabad. Acting on this lead, the CID team apprehended Dayma in Hyderabad on May 12. He was handed over to the CID authorities in Nagpur for further proceedings.