DVAC finds ₹5.5 lakh worth foreign currencies
The Hindu
Apex Co-op Bank chairman booked
After searching 36 places, officials of the Directorate of Vigilance and Anti-Corruption (DVAC) have found 20 kg of gold and 280 kg of silver articles to be over the stock at a jewellery shop at Valapadi in Salem district.
According to a release, a case was registered on Thursday against chairman of Tamil Nadu State Apex Co-op Bank R. Elangovan and his son and vice-chairman of the Swami Ayyappan Educational Trust E. Praveenkumar.
They were probing allegations of possession of assets disproportionate to the known sources of their income, and intentionally enriching themselves in 2014 and 2020.
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