[Raman]

According to media reports, the Co-operative Bank’s headquarters in Shimla has escalated the investigation into the multi-crore rupee fraud at its Nohradhar branch in Sirmaur by transferring the case to the Central Bureau of Investigation (CBI).

In response to the scandal, seven employees have been suspended, with show-cause notices issued to ten others. Additionally, several staff members have been transferred, and a comprehensive departmental investigation has been initiated.

Managing Director Shravan Manta strongly condemned the fraud, describing it as a breach of trust, and underscored that those responsible will face serious repercussions. The involvement of the CBI is expected to shed light on the full scale of the scam.

[Author]

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