Court transfers 3 cases against Kanchi cooperative bank to CBI

  • | Thursday | 11th July, 2019

The bench was disposing of a writ appeal from T K Babu, a retired employee of the bank, on June 17. According to the appellant, there had been three complaints of misappropriation, embezzlement and cheating on the jewel loans and the money was given to fake joint liability groups. This is with respect to jewel loans. It was claimed that the records pertaining to other cases had been destroyed in a fire and in the 2015 deluge. Babu preferred a writ petition to transfer the cases to the CBI.

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