Himachal Pradesh-based Kangra Central Cooperative Bank’s Una branch has come under the scanner of State Vigilance and Anti-Corruption Bureau, after a scam of Rs 19.50 crore came to light, say media reports.
The FIR has been lodged against an IAS officer and 16 others.
It is being said the Una branch of the bank has given a loan to a Punjab-based Company which is already a defaulter in Punjab. The branch has been accused of giving loans by violating norms.
Indian Cooperative efforts to contact the bank Chairman and MD Vinay Kumar, so far failed.