The preliminary enquiry findings of the anti-corruption bureau state that It was surprising that there was no tangible security taken by the bank in these cases.
The West Bengal government runs more than 400 programmes that provide social assistance, care services, and jobs, and most of these services are offered under the umbrella platform -- Jai Bangla.
Some of the former employees of the bank who colluded in the scam too would be arrested soon, the SP said.
The CBI has registered a case against Aggarwal and other officials of the company besides other private persons in the case on February 7 this year.
MP Dr M Gurumoorthy on Saturday wrote to Union Finance Minister Nirmala Sitharaman urging her to extend the moratorium on bank loans to the hospitality industry.
Amina had taken a loan from the Keechery Service Co-Operative Bank for the wedding of their daughter by mortgaging their land and house.
Observing that the apex court has waited 'sufficiently long', a bench headed by Justice U U Lalit said, 'We can't be waiting any longer now'.
A provisional order for attaching 11 properties of Shree Mahalaxmi Corporation Pvt Ltd has been issued under the Prevention of Money Laundering Act.
Chief Minister MK Stalin on Monday called upon the banks to join hands with the State government in its efforts to redeem the economy of the State affected by the Covid-19.
Thodu for the benefit of small businessmen, petty vendors and artisans as they need not approach moneylenders for loans up to Rs 10,000 towards working capital.
Their modus operandi came to light after a bank conducted a detailed check on the documents submitted, which were found to be fake.
The arrests came after Enforcement Directorate raided over a dozen premises in Delhi and Uttar Pradesh on September 17.
The senior policymaker on Wednesday said that India needs strong support from debt capital like bank loans for long-term economic growth.
The transfer of cooperative employees would be carried out in a time-bound manner and it would ensure that the criteria for transfer are met.