ED issues notices to office-bearers of four co-op banks in MSCB scam case

The Enforcement Directorate has issued notices summoning office-bearers of four cooperative banks in Maharashtra in the Maharashtra State Cooperative Bank (MSCB) scam case.

The Enforcement Directorate (ED) has issued notices summoning office-bearers of four cooperative banks in Maharashtra in the Maharashtra State Cooperative Bank (MSCB) scam case. The cooperative banks which have been issued notices are Satara District Cooperative Bank, Pune District Cooperative Bank, Sindhudurg District Cooperative Bank and Ratnagiri District Cooperative Bank. Sources said that office-bearers of these banks have been summoned regarding fictitious loans granted to sugar mills and subsequent auctioning of the sugar mills.