Friday, July 30, 2021
400 July

Pension 1500 gif

Shaheed 50 lakh gif

Kisan Karza 5.64 lakh gif

Kisan 48 hours gif

Ashirwad 51000 gif

Sohna Markfed

Innocent Admission

Depositors complain of fraud by co-operative bank officials

- Advertisement -
Bengaluru, June 30, 2021 (Agency) More than two dozen depositors of Bengaluru southern suburb’s cooperative bank — Sri Vasista Credit Souharda Sahakari Limited (SVCSSL)– lodged complaints of cheating, forgery, misappropriation and criminal breach of trust against the bank directors and other administrative board members on Wednesday, the police said here.

Hanumanthnagar police received the first complaint regarding the bank on Friday by Arun B. N., a Bannerghatta resident, who alleged that he had made a fixed deposit of Rs 99 lakh on behalf of his 78-year-old father, Nagaraj B. T.

“The bank was giving interest till November 2020 but it stopped abruptly. Subsequently, it also stopped withdrawal of deposits,” alleged Arun in his complaint.

After this complaint, several other depositors have come forward with similar grievances and on Wednesday at least 23 depositors lodged similar complaints against the SVCSSL’s Chairman, Venakata Narayana K. N., and his son Krishna Prasad, who is also the bank’s Director.

Narayana had earned goodwill among his depositors through his philanthropic work as the Akhila Karnataka Brahmana Mahasabha (AKBMS) President.

Explaining his ordeal to various local news channels, Arun claimed that he repeatedly contacted the bank but they kept dodging him for months till June citing pandemic as the reason.

“When I failed to receive an appropriate response from bankers, I decided to approach the police. On learning about Arun’s complaint, several other investors, too, have approached the jurisdictional police alleging that the interest on their money is being stopped and they are not being allowed to withdraw the deposits,” the complainants alleged.

A senior police official told on condition of anonymity that they have sought complete details of the investments as the quantum of misappropriation is yet to be estimated as many depositors have not yet come forward.

The police have registered a case and an investigation is underway.

Subscribe to YesPunjab Telegram Channel & receive important news updates

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected






Attack on Chinese in Pakistan

Who is behind the attack on Chinese in Pakistan – by Amjad Ayub Mirza

The deadly attack, carried out on July 15, on a coach carrying Chinese engineers to an under-construction tunnel site at the 4300 MW Dasu...

Coexistence, a unifying factor for Indians – by Asad Mirza

For most political parties, sociologists and psephologists what a common Indian on the street thinks matters most. It is an insight into a common...
Taliban Afghanistan

Taliban’s Next Stop: Kabul, Kashmir and Kerala – by Amjad Ayub Mirza

The speedy advance of the Taliban from northern Afghanistan to Kabul in the eastern section of the country could not have been achieved without...


Health & Fitness

Woman eating strawberry

Eat strawberries, oranges daily to cut risk of cognitive decline

New York, July 29, 2021- People who eat a diet that includes at least half a serving per day of foods high in flavonoids like strawberries, oranges, peppers and apples may have a 20 per cent lower risk of cognitive decline, according to a study. Flavonoids are naturally occurring compounds found in plants and are considered powerful antioxidants. It is...

Gadgets & Tech

error: Content is protected !!