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Case registers against Ex-CEO of crisis-hit Guru Raghavendra Sahakara Bank Limited for cheating and forgery

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(G.N.S) Dt. 10
Bengaluru
A case of cheating and forgery has been filed against the former Chief Executive Officer (CEO) of Guru Raghavendra Sahakara Bank Limited. A few weeks ago, the Reserve Bank of India (RBI) had set a cap on withdrawals from the bank, causing depositors to face trouble. According to the police, a case was filed against former CEO Manur Vasudava Maiya on the basis of a complaint lodged by current CEO A Santosh Kumar. The bank has been banned from the financial crisis, from withdrawing deposits to lending and investing. Kumar said in his complaint that between 2012 and 2018 Maya allegedly extended loans to many consumers outside its jurisdiction.

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