Udayavni Special

Bengaluru: Raghavendra Bank fraud victims demand CBI probe


Team Udayavani, Jul 1, 2021, 12:01 PM IST

Bengaluru: The depositors of Sri Guru Raghavendra Sahakara Bank in Bengaluru have demanded a CBI probe as their money is stuck in the co-operative bank after the RBI restricted the bank from doing business over irregular transactions.

The depositors now demand a national-level enquiry into the matter by the Central Bureau of Investigation (CBI) as they say that Karnataka CID, which is currently investigating the matter, doesn’t have the bandwidth to deal with the issue.

The lender’s customers have been carrying out protests but the issue remains stuck for over a year.

Recently, they started a social media campaign to urge politicians to take remedial action. The depositors highlighted their deteriorating financial and health conditions and how the SGRS Bank has cheated them of their hard-earned money.

Ranganath, a depositor, and a retired RBI official said, “Due to negligence of RBI, RCS over the last 20 years, the fraud was going on.”

In September 2020, the ED attached properties worth Rs 45.32 crore of various key management personnel of the bank on allegations that they had diverted the bank’s funds. The attachments were made under the provisions of the Prevention of Money Laundering Act 2002.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

US to conduct rare 2nd lottery for H-1B visa applicants

Rahul Gandhi urges people in Kerala to adhere to Covid guidelines

Lovlina assures India of first boxing medal at Tokyo Olympics

Heinous: Monkeys poisoned, stuffed in gunny bags and beaten to death

Deepika seals last-eight berth, ousts former world champion Russian Perova

This series gives players opportunity to reflect that not all wickets will be flat: Dravid

Late BJP leader Ananth Kumar’s daughter creates political buzz with her ‘JDS is still very strong political force’ tweet


Related Articles More

Heinous: Monkeys poisoned, stuffed in gunny bags and beaten to death

MCC holds first physical meeting after 3 months

Mangaluru, Udupi: Sand mining expected to restart in first week of Aug

Late BJP leader Ananth Kumar’s daughter creates political buzz with her ‘JDS is still very strong political force’ tweet

Cabinet expansion would take some time: Bommai

MUST WATCH

i was a Kannadiga in my previous birth | Happy Birthday Sonu Nigam | Udayavani

CM Basavaraj Bommai about Cabinet Expansion

DR. MOHAN ALVA ON DRESSING ETIQUETTE

WHY IS TIGER OUR NATIONAL ANIMAL?

Vandana Rai Karkala and her innovative teachings

Latest Additions

US to conduct rare 2nd lottery for H-1B visa applicants

Rahul Gandhi urges people in Kerala to adhere to Covid guidelines

Rahul Gandhi urges people in Kerala to adhere to Covid guidelines

Lovlina assures India of first boxing medal at Tokyo Olympics

Heinous: Monkeys poisoned, stuffed in gunny bags and beaten to death

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.