Thursday, July 18, 2013

Karnataka may order CBI probe into Rs 10 crore scam involving nationalized banks

.........Opposition leader H D Kumaraswamy in assembly and C Puttanna (JDS) in legislative council, who raised the issue, said the authority had kept funds of Rs 9.5 crore in a public sector bank and Rs 40 lakh in a private bank but transferred the amount to another public sector bank which offered a better interest rate but now says it has no such deposits. Since the alleged embezzlement is to the tune of more than Rs two crore, a probe into it should be handed over to the CBI as per RBI norms, the JD(S) leaders argued..........

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