Ghaziabad, September 20: Twenty-four directors of Ghaziabad's now-defunct Mahamedha Cooperative Bank have been booked for allegedly misappropriating around Rs 100 crore.
The case was lodged following an audit by a company engaged by the Cooperative Department. The company in its report named the errant directors and officials.
In a complaint to police, Cooperative Department Assistant Commissioner and Registrar Devendra Singh alleged the bank officials sanctioned loans to ineligible customers. He said Rs 99.85 crore was embezzled.
Devender Singh said properties of seven people who took hefty loans from the bank have been attached. Properties of other borrowers will also be attached, he said.
|