Agartala, Sept. 5 -- Tripura police have launched an investigation into a massive financial fraud of over Rs 16 Cr from an account of Agartala Municipal Corporation (AMC) with United Commercial (UCO) Bank, however, even after 24 hours of lodging complaints nobody was arrested yet.
According to the police, preliminary investigation indicated the involvement of bank employees in the scam and necessary surveillance on the officials of both banks and AMC has been activated. Since it's an economic offence, investigation has to follow certain rules, but none of the involved would be scot free.
"Investigation is progressing well and hopefully we shall be able to retrieve the money," said a senior police officer involved in the investigation, add...