Home CRIME CID raids persons linked to scam-hit bank

CID raids persons linked to scam-hit bank

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Sri Guru Raghaendra Co-operative Bank
Sri Guru Raghaendra Co-operative Bank (Representational Image)
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BENGALURU:

The CID conducted raids across the city on Tuesday in connection with the alleged loan scam at Guru Raghavendra Co-operative Bank. The sleuths searched houses of alleged defaulters at places like Ulsoor, Rajajinagar, Sadashivanagar and Jayanagar.

The RBI has placed operational restrictions on the bank.

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The bank’s former CEO Vasudev Maiya committed suicide on July 7.

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