CBI will investigate the cooperative bank scam

Shimla, August 19: The Cooperative Bank headquarters in Shimla has handed over the investigation of the scam of crores of rupees in Nohradhar branch of Sirmaur district to the Central Bureau of Investigation (CBI). This decision is likely to take strict action against any employee found involved in the fraud.

In view of the scam, the bank management has already suspended seven employees directly involved in the case. Apart from this, show cause notices have been issued to ten other employees as part of departmental action. To ensure thorough investigation, several employees of the concerned branch have been transferred to different places. The management has also issued immediate orders for a detailed departmental inquiry to gather more information in the case.

Condemning the fraudulent activities, Cooperative Bank Managing Director Shravan Manta said, “Bank employees are the backbone of the institution and committing such fraud is a gross betrayal of the bank and its customers.” He assured that the bank has taken the incident seriously and is conducting a thorough investigation. Manta further stressed that any employee found guilty in this scam will face severe consequences.

The CBI probe into the fraud at the Nauhradhar branch is expected to expose the full extent of the scam and bring those responsible to justice. However, the development also raises concerns that the fraud may be much more widespread than initially estimated, with there being a possibility that similar irregularities may exist at other branches as well.