RBI and the Banking Ombudsman have directed an investigation into irregular financial transactions committed in Jharkhand State Cooperative Bank and imposed a penalty of Rs 14.40 lakh, reports Mail News Service.
NABARD is also helping in the investigation.
Jharkhand Chief Minister Raghubar Das has given the go ahead for a CBI probe into the scam after he received a 300-page probe report from Registrar, Cooperative Societies.
