A case has been filed against 206 individuals in connection with a Rs 240 crore loan fraud at Babaji Daate Mahila Sahkari Bank in Yavatmal, Maharashtra, police reported.
The state government ordered an investigation by the special auditor of cooperative institutions, according to district Superintendent of Police Pavan Kumar Bansod.
Following the auditor’s report, charges of cheating were registered against bank management members and officials. The investigation is ongoing, Bansod added.