Vaidyanath Urban Co-op Bank in news

Following seizure of Rs 10.10 crore by police from a private car in Ghatkopar in Maharashtra and detention of three men who claimed to be employees of the Vaidyanath Urban Co-operative Bank, the bank’s general manager has confirmed the money belongs to the bank, reports Mumbai Mirror.

“The money is a part of Rs 25 crore that was intended to be deposited in Ghatkopar branch. However, the branch could accept only Rs 15 crore. After discussions, we decided to send the remaining Rs 10 crore to our branch in Pimpri Chinchwad from where it would have been deposited in another cooperative bank,” said the bank’s GM.

The bank, whose head office is in Parli city in Beed district, has 41 branches across the state and it’s website lists late BJP leader Gopinath Munde’s daughter and Member of Parliament Pritam as one of its directors.

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