Chairman, Gokul Cooperative Urban Bank in Secundarabad( Andhra Pradesh) has been taken into custody by officials of the Central Crime Station (CCS) for swindling money from Meesava accounts and cheating the Telangana government , reports Hindu.
In 2004, the Gokul Co-operative Urban bank was allowed to establish the e-seva facility. The ESD department opened a current account in Gokul Bank for money received from e-seva transactions to be credited in that account.
Between December 18 to October 5, 2015, Rs.9.13 crore in payments made by citizens towards government charges were credited into that account, which was not cleared from there by the ESD Department.
Taking advantage of that, certain office-bearers of the bank used that money to issue loans and also took loans for themselves towards business, gold etc without offering substantial securities.
