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Home Co-op News Snippets

Amritsar Cent Co-op Bank under lens for a scam of Rs 25 crore

Amit Awana by Amit Awana
October 5, 2020
in Co-op News Snippets
0
Rampant corruption in Bangladesh co-ops reported
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The Punjab government has asked the CBI to probe into the alleged bungling of government funds by various cooperative societies under the Amritsar Central Cooperative Bank, reports Tribune.

Earlier, Punjab Human Rights Organisation (PHRO) had demanded a CBI investigation into the scam. The scam involved an amount of Rs 25 crore.

PHRO principal investigator Sarabjit Singh Verka said if properly investigated the amount bungled could be hundreds of crores.

It is worth recalling that early this year police had registered a FIR into a fraud of Rs 3 crore at Tarsikka branch of ACCB when some people had been booked and some arrested.

Tags: ACCBAmritsar Central Cooperative BankcbicooperativeFundPHRO
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