ED arrests Ex-MD of Industrial Co-op Bank

ED has arrested the erstwhile Managing Director of the Industrial Co-operative Bank Limited, Subhra Jyoti Bharali, under the Prevention of Money Laundering Act, 2002.

ED had launched an investigation against Bharali and seven others in connection with a case

registered at the Panbazar Police Station on September 15, 2021, over alleged financial misappropriation and forgery involving the bank’s funds.

The case was registered based on a complaint lodged by one Bhadreswar Burman, president of the Nagarik Suraksha Mancha, Assam.

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