© oneindia.comOver Rs 45 Crore Assets Seized In Co-operative Bank Fraud In Karnataka
New Delhi, Sep 19: The Enforcement Directorate has attached assets worth Rs 45.32 crore in connection with a cooperative bank fraud case.
The attachments were made under the provisions of the Prevention of Money Laundering Act 2002.
The attached movable assets to the tune of Rs. 7.16 crores are in the form of bank balances and fixed Deposits belonging to President, Ex- Vice President, Ex CEO and present CEO of Sri Guru Raghavendra Sahakara Bank Niyamitha and Sri Guru Sarvabhouma Credit Co-Operative Ltd. and their associates.
The attached 29 immovable properties totalling to Rs. 38.16 crores are in the form of agricultural land, residential apartments, houses held in the name of K Ramakrishna, late T S Sathyanarayana, late M V Maiya, Santosh Kumar A and various other employees of Sri Guru Raghavendra Sahakara Bank Niyamitha and Sri Guru Sarvabhouma Credit Co-Operative Ltd., all residents of Bangalore and others.