India News | Maha: FIR Against Cooperative Bank Chairman and 24 Others for Rs 229 Cr Irregularities

Beed, Dec 18 (PTI) Police on Saturday registered a case against 25 persons, including the chairman and other people associated with a cooperative bank in Beed in Maharashtra, for alleged irregularities estimated at Rs 229 crore, a police official said.

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Prominent among those against whom the FIR was registered included the chairman of the Dwarkadas Mantri Nagri Sahkari Bank, Subhashchandra Sarda, the vice president of the bank, and chief executive officer Radheshyam Sohni.

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A complaint was filed by auditor B B Chalak, following which a case of fraud was registered against the 25 people associated with Dwarkadas Mantri Nagari Sahakari Bank, a Shivaji Nagar police station official said.

A few months ago, the board of directors of this bank had been dismissed and an administrator appointed.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)