DCCB orders probe into ₹22 crore financial fraud
The Hindu
Bank staff suspected to have diverted crop loans
East Godavari District Central Cooperative Bank (DCCB) Chief Executive Officer P. Praveen Kumar on Tuesday said that an inquiry was ordered into the two crop loan frauds worth ₹22.22 crore reported in the two Primary Agriculture Credit Societies (PACS) - Ravulapalem and Gandepalli. According to an official release issued on Tuesday, the DCCB staff were allegedly found to be involved in diverting ₹22 crore into the accounts of fake farmers under crop loans in the Gandepalli PACS during the 2017-19 financial years.
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