ED conducts raids in Shivamogga, Bengaluru

Bengaluru: The Enforcement Directorate (ED) conducted raids at more than eight locations in Shivamogga and Bengaluru in Karnataka in connection with the fake gold loan case, sources said on Tuesday. The case involves the disbursal of over Rs 62 crore in loans by accepting fake gold jewellery as collateral at the Shivamogga District Cooperative Central (DCC) Bank. The sources said that ED officials raided the residences of a former woman manager …

ED Raids Former DCC Bank Manager’s House in Shivamogga Over ₹62 Crore Fake Gold Loan Scam

Shivamogga: The Enforcement Directorate (ED) on Thursday raided the residence of Shobha, the former manager of the DCC Bank, in connection with a ₹62 crore loan scam involving fake gold deposits at the DCC Bank in Shivamogga in 2014. The raid took place at her house located in Gopalagowda Layout, Shivamogga. Over eight ED officials […]