Financial misappropriation investigations are currently underway across 14 co-operative credit societies in Goa. Out of the initial Rs 70 crore in trapped depositors' funds, approximately Rs 40.36 crore remains unpaid. The probes are being handled by various authorities, including local police stations, the Economic Offences Cell (EOC) of the Goa Police, the Registrar of Co-operative Societies, and the Enforcement Directorate (ED), which is handling the case involving the Sada Urban Credit Co-operative Society. While charge sheets have been filed and court hearings have commenced for several cases, actions against the 95 directors implicated across 8 of these institutions remain slow.

The single largest fraud case involves the Visionary Urban Credit Co-operative Society in Loutolim, which accounts for Rs 42 crore in outstanding funds, of which a mere Rs 4 lakh has been recovered so far. Other prominent societies with trapped deposits include Ashtagandha Credit Society in Pirna (Rs 11 crore), Quepem Urban Credit Co-operative Society (Rs 6.99 crore), and Marcel Mahila Credit Co-operative Society (Rs 6.21 lakh). Additionally, a case involving Rs 1.36 crore in misappropriation at the Government Higher Secondary School Teachers Co-operative Society in Curchorem is under investigation by the Co-operative Registrar.

The list of cases also extends beyond local credit unions to include the Marketing Federation, which faces a fraud case registered by the Nashik Police regarding a 15,000-tonne onion transaction, though the exact monetary loss for that specific case remains unspecified. All these entities operate under the regulatory oversight of the Registrar of Co-operative Societies, leaving hundreds of local depositors awaiting the recovery of their hard-earned money.