Mysuru, Nov. 6 -- Branch manager, five others named in FIR; Special audit exposes irregularity
A case has been registered at Udayagiri Police Station over the alleged misappropriation of nearly Rs. 16 crore at the Rajivnagar branch of The Muslim Co-operative Bank in Mysuru.
According to a complaint filed by Bank's CEO Sheikh Ibrahim (61), branch Manager Syed Mansoor (52), allegedly colluded with the bank's then Chairman late Mir Humayun, former CEO Rafat Zareen (65), former General Manager Fazlulla Shariff (67), Salahuddin (42), owner of S.K. Steels in Udayagiri and Asgar Pasha (47) of Rajivnagar to misappropriate around Rs. 16 crore through various illegal transactions between 2009 and 2023.
Following suspicions of financial irregularit...