Hindu reports ACB has raided the offices of Sri Guru Raghavendra Co-operative Bank and its functionaries in connection with an alleged fraud.
It is being claimed ACB sleuths have recovered incriminating documents
Earlier, the RBI had put all kinds of restrictions on the cooperative bank due to huge NPAs.
The scam involved Rs 1,400 crore in the form of diversion of deposits by the bankers and loans of of Rs 150 crore given to fictitious customers.
