Following the multi-crore loan scam at the Shimoga District Central Cooperative Bank(SDCCB), the government on Monday appointed Deputy Commissioner Vipul Bansal as the administrative officer of the bank.
The Reserve Bank of India had directed the government to supersede the administrative board of the bank for three months or until the investigations are over.
In this connection, the registrar of the Cooperative Department issued an order.
The 62-crore gold loan scam of the bank was unearthed on July 17. Nineteen people, including Bank chairman R M Manjunatha Gowda, general manager Nagabhushan, city branch manager Shobha, cashier Ravindra, car driver Shivu and rowdy-sheeter Market Giri were arrested.
The probe into this scam was initiated on the complaint lodged by Nagabhushan in connection with `1.72 crore cheating case.
This scam was discussed in the Assembly and the government ordered for a CID probe last week.
Courtesy: By Express News Service
