The ED has attached assets worth over Rs 114 crore while carrying out an investigation against defaulters of Karnataka based Shri Raghvendra Sahakara Bank who are alleged to have swindled Rs 800 crore, reports PTI.
Sources to the ED say defaulter borrowers in connivance with the management and employees of the bank took huge loans from the bank on the basis of bogus deposits and fake fixed deposits .
The attached properties include immovable assets like vacant lands, residential houses, commercial and industrial buildings a bank balance of Rs 3.15 crore