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Home Co-op News Snippets

Fraud in Mandya City co-op bank

Parasnath by Parasnath
November 1, 2014
in Co-op News Snippets
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The CID says officials of the Mandya city cooperative bank in Karnataka have allegedly cheated their bank of Rs 62 lakh making changes in documents while implementing the loan waiver scheme for farmers.

Asst registrar of cooperatives had lodged complaint in this connection, the CID informs. Sources say the scamsters had forged documents and waived off ” salary loans” of nearly three hundred people not involved in farming.

The criminal investigation is underway, sources add

Tags: CIDcooperativesfarmerskarnatakaloanRegistrar
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