Mogaveera Co-op Bank in news

Amboli Police, Mumbai, took into custody two men for allegedly defrauding Rs 97.16 lakh of Mogaveera Co-operative Bank’s account, reports HT.

The criminals had managed to get the user name and password of a bank functionary. Police say the IT dept had noticed some suspicious transactions in the bank.

A FIR has been lodged against the accused under section 420 [cheating and dishonestly inducing delivery of property] of Indian Penal Code (IPC) and some other criminal Acts.

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