New Delhi, Sep 18 (UNI) Enforcement Directorate (ED) on Friday said that it has attached immovable and movable properties worth of Rs 45.32 crore under Prevention of Money Laundering Act, 2002 (PMLA) in Co-operative bank fraud case in Bangaluru.
ED officials said that attached movable assets to the tune of Rs 7.16 crore are in the form of bank balances and fixed deposits belonging to President, Ex- Vice President, Ex CEO and present CEO of Sri Guru Raghavendra Sahakara Bank Niyamitha and Sri Guru Sarvabhouma Credit Co-Operative Ltd and their associates while attached 29 immovable properties worth of Rs 38.16 crore were in the form of agricultural land, residential apartments, houses held in the name of K Ramakrishna, late T S Sathyanarayana, late M V Maiya, Santosh Kumar A and various other employees of Sri Guru Raghavendra Sahakara Bank Niyamitha and Sri Guru Sarvabhouma Credit Co-Operative Ltd.
K. Ramakrishna and late T S Sathyanarayana were President and Vice President respectively of both Sri Guru Raghavendra Sahakara Bank Niyamitha and Sri Guru Sarvabhouma Credit Co-Operative Ltd.