The Chaibasa (Jharkhand) Vigilance Court has sentenced Vijay Kumar the main accused in the 250-crore scam in Jharkhand state cooperative bank to 10 years of imprisonment.
Readers would recall that the Seraikela police had arrested Kumar last year in August for his involvement in the embezzlement of funds of Rs 2.50 crore carried out from the bank’s Seraikela branch.
The CID is probing the matter and many have been arrested. Investigation has revealed that the bank employees had given a loan worth Rs 2.50 crore to Vijay Kumar by violating the prescribed rules and regulations.
