NAVI MUMBAI: The Raigad district special auditor in Maharashtra has registered an FIR against 76 officer-bearers of Panvel-based Karnala Nagari Sahakari Bank for allegedly misusing Rs 512.54 crore of the bank deposits under the pretext of loan disbursements.
The FIR that has named its chairman and former MLA Vivekanand Patil, vice chairman, CEO and board of directors was registered at Panvel City Police station on Monday night.
The audit report submitted after four months of scrutiny revealed that the accused had deliberately destroyed the documentary evidence of disbursed loans, manipulated and forged documents to show loan disbursement since 2008.
The accused include 62 loanees to whom the loans were disbursed without surety. Thereafter, the loan amounts were allegedly transferred to a trust run by chairman Patil.
The cheating and forgery resulted in the bank plunging into a crisis forcing the bank to restrict withdrawals by customers to a specific amount.
BJP leaders MLA Prashant Thakur and Kirit Somaiyya staged protests and alleged that a major fraud had taken place.
The FIR that has named its chairman and former MLA Vivekanand Patil, vice chairman, CEO and board of directors was registered at Panvel City Police station on Monday night.
The audit report submitted after four months of scrutiny revealed that the accused had deliberately destroyed the documentary evidence of disbursed loans, manipulated and forged documents to show loan disbursement since 2008.
The accused include 62 loanees to whom the loans were disbursed without surety. Thereafter, the loan amounts were allegedly transferred to a trust run by chairman Patil.
The cheating and forgery resulted in the bank plunging into a crisis forcing the bank to restrict withdrawals by customers to a specific amount.
BJP leaders MLA Prashant Thakur and Kirit Somaiyya staged protests and alleged that a major fraud had taken place.
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