Karnataka: Ex-CEO of crisis hit Guru Raghavendra Sahakara Bank Limited booked
Bengaluru: A case of cheating and forgery has been registered against the former chief executive officer of crisis-hit Guru Raghavendra Sahakara Bank Limited here, weeks after RBI cap on withdrawal limit triggered panic among depositors.
According to police, the case has been registered based on a complaint by the present CEO officer A Santhosh Kumar against his predecessor Manur Vasudava Maiya.
The bank is in the middle of a crisis following huge non-performing assets and Reserve Bank of India imposed restrictions from collecting deposits, lending loans and making investments.
The apex bank had also last month capped the withdrawal limit to Rs 35,000.
Kumar stated in his complaint that between 2012 and 2018, Maiya had allegedly lent money beyond his jurisdiction to various customers.
"We want stringent action against Maiya for conspiring and betraying the bank," he stated in his complaint. Imposed restrictions on depositors from drawing money last month rattled account holders. They had stormed the bank to get clarity on their investments. Later, the bank authorities said they were working to sort out the issue.
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Hailstorm brings relief to Bengaluru from scorching summer
Bengaluru (PTI): Bringing much relief to the people battered by the scorching summer, heavy rains coupled with hailstorm lashed the city on Wednesday.
The thunderous downpour with stormy wind cooled the city, where the temperature had soared to 37 degree.
With the rains, the city, from being parched, witnessed waterlogging in just two hours.
There was waist-deep water in many areas in the city such as Richmond Town and Shanthinagar resembling a river.
The unexpected rain did not spare Vidhana Soudha, the seat of power, as water gushed inside the government offices from the lobby. The office of the Leader of the Opposition in the Karnataka Assembly R Ashoka was also flooded.
Since the downpour occurred in the evening, many office goers struggled to return home.
Uprooting of trees was reported in many parts of the city, including Malleswaram, Shanthinagar and Seshadripuram.
