ED raids former MD of Cooperative Bank in Assam


New Delhi: ED raids former MD of Cooperative Bank in Assam ,The ED on Wednesday said it had seized “criminal documents” after raiding a former managing director of an industrial cooperative bank in Assam as part of a money laundering probe against him and others. Take

A search was conducted at the residential and government premises of Subhra Jyoti Bharali. He is a former MD of Industrial Cooperative Bank Limited (ICBL), the federal agency said in a statement.
The Money Laundering Enforcement Directorate (ED) case stemmed from an FIR lodged by Kamrup police against him and others, alleging that “Bharali, with the help of some other senior officials of the bank. , 9.5 crore for alleged financial corruption.

It said that in connection with the properties acquired in the name of the family of the accused, criminal documents including various cell deeds and details of various bank accounts have been confiscated.

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