Siliguri, May 15 -- A Gram Panchayat pradhan and her husband have been arrested in connection with a major financial fraud that allegedly surfaced at a mini bank in West Bengal's Malda district, police said on Thursday.
The bank run by Sahangar Krishi Unnayan Samiti Limited in Ratua-I block has got into rough weather with depositors accusing the management of siphoning off nearly Rs 13-14 crore.
According to allegations, around 5,000 small farmers and local residents had deposited their savings in the cooperative institution. One of the accused Anil Mondal earlier served as manager of the mini bank before allegedly appointing his son Amit Kumar Mondal to the post. His nephew Pranab Kumar Mondal allegedly worked as a cashier.
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