💨 Abstract

The Enforcement Directorate (ED) arrested a former chairman of a Karnataka-based cooperative bank, R M Manjunatha Gowda, for alleged financial irregularities of approximately Rs 63 crore. The irregularities were at the bank's City Branch and involved large-scale misappropriation of funds, according to the ED. The branch manager, B Shobha, is also implicated in the case.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖