Srijan: Bhagalpur DCCB threatens legal action

Telegraph reports the Bhagalpur central cooperative bank has asked Bank of Baroda to return Rs 75 crore swindled from its account in the Srijan scam otherwise they will initiate legal proceedings against them.

Bihar government departments that lost Rs 975 crore from their accounts in Indian Bank and the Bank of Baroda in the Srijan scam will also initiate legal action if the banks do not soon return their money.

Meanwhile, CBI is reported to have sped up investigation in the scam and filed charge-sheets against some of the accused. The scam has gone beyond Rs 1,300 crore.

Official sources say money from the bank accounts was illegally withdrawn by a nexus of Srijan Co-op and bank officials.

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