Hariprasad urges SIT probe into cooperative bank irregularities involving BJP MLA
Congress leader B.K. Hariprasad has demanded a Special Investigation Team (SIT) probe into alleged financial irregularities at the Mahalaxmi Cooperative Bank in Udupi. The allegations involve fake loan documents and the suspicious death of a bank manager.
Why it matters
Financial fraud in cooperative banks affects local economies and public trust in regional financial institutions.
Congress member of the Legislative Council B.K. Hariprasad on Wednesday demanded a Special Investigation Team (SIT) probe into the alleged irregularities in the Mahalaxmi Cooperative Bank in Malpe, Udupi district.
Speaking in the Legislative Council, he alleged that a fraud of over ₹25 crore had been committed by creating fake documents showing that customers had availed loans from the Mahalaxmi Cooperative Bank.
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