A news outlet reports police have begun investigation against the Assam’s Industrial Cooperative Bank’s Managing Director (MD), two Advisers to the MD, three Directors, the Chairman and also the Vice-Chairman for their alleged involvement in huge financial misappropriation and forgery in the bank.
The investigation is being conducted under various sections of the IPC. Earlier the Pan Bazar police had registered a case against the top functionaries of the bank.
It is worth mentioning that the FIR filed was based on the complaint made by the NGO Nagrik Suraksha Manch alleging that eight persons in the bank had indulged in the massive swindle.
