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BEST Credit Society Faces Dual Probes Days Before Board Polls

A complaint about an allegedly overpriced Lonavala guesthouse prompted parallel probes by the state cooperation department alongside the Mumbai Police’s EOW.

Overview

  • On August 13 the state cooperation department appointed deputy registrar Rajendra Gaikwad to examine the society’s 2024–25 records and mandated an inquiry report by August 29.
  • The Economic Offences Wing has launched a preliminary inquiry into an alleged ₹12.41 crore overpayment in the purchase of a Lonavala guesthouse.
  • EOW investigators are reviewing financial documents to decide whether to register a criminal case against eight named office-bearers.
  • Leaders of the BEST Kamgar Sena and the Shiv Sena (UBT)–MNS alliance contend that the timing of the notices is intended to influence the August 18 board elections.
  • Government and police officials assert that both inquiries stem from formal complaints and are being conducted under Maharashtra cooperation law.