Criminal Investigation Dept recently arrested the kingpin of the racket that had duped co-operative banks of around Rs 100 crore in West Bengal. CID said the main accused Debanjan Roy, a resident of Dum Dum, was remanded in police custody by the Bankura District Court, reports Millennium Post.
The CID had initiated a probe into the allegation of Bankura District Central Cooperative Bank that the accused had duped the bank of Rs 15.2 crore which he had taken to buy bonds of different nationalised banks.
After learning about Bankura District Central Cooperative Bank, officials of the other banks including Sheorafuli-Baidyabati Cooperative Bank and East Midnapore Bolageria Cooperative Bank lodged similar complaints with the police. The case was later taken up by the CID when it was found that he had duped many other cooperative banks.