Police registered a case against officials of Seva Vikas Cooperative Bank in Chinchwad in Pune for allegedly defrauding a customer of Rs 25 lakh in November. The bank failed to deposit the money from several fixed deposits (FDs) and one saving account, reports HT.
According to police sources the cooperative is involved in multiple criminal cases. Scores of officials of the bank are facing charges for cheating customers of their hard earned money.
RBI had appointed an administrator for the bank.
