For over a decade, a manager at a Chembur-based cooperative credit society allegedly kept falling behind on repayments of a Rs 25 lakh home loan he had taken against his Kalamboli flat. By late 2025, the unpaid amount had reportedly ballooned to nearly Rs 52 lakh. The credit society alleges that instead of repaying the dues, the manager allegedly used his own office access to manipulate the society’s loan software.

The Tilak Nagar police have registered an FIR against the manager, Jivan Ramanath Reehal, 57, after an internal audit and software investigation allegedly uncovered a carefully-layered manipulation of the society’s loan records. Reehal had been working with the cooperative society since 2005, and eventually rose from assistant accountant to manager, handling loan accounts and administrative operations for a society with nearly 8000-10,000 members across Mumbai and its suburbs.