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ED Raid on Promoters of Shushruti Souhardha Bank in Bengaluru N Srinivas Murthy

Summary by The Hindu
Central Crime Branch of Bengaluru City Police had raided the Shushruti Souhardha Bank and arrested the promoter N. Srinivas Murthy, and several others, in 2022. Then Cooperation Minister S. T. Somashekhar had informed the legislative Assembly that an audit had revealed that the bank had deposits of ₹180.77 crore and ₹110 crore had been misappropriated.

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madhyamamonline.com broke the news in on Thursday, July 17, 2025.
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