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