Intelligence Alert

ED filed chargesheet in INR 83.5 crore Vaishali bank fraud case

Risk level: Low Country: India

As per reports, the Enforcement Directorate (ED) has filed a Prosecution Complaint (PC) before the Special PMLA Court, Patna in connection with the INR 83.5 crore fraud at Vaishali Sahari Vikash Cooperative Bank (VSVCB) in Hajipur.

The authorities informed that the suspended CEO and Chairman allegedly misused their positions and siphoned off money under fake accounts and fraudulent transactions.

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