https://www.taxtmi.com/news?id=34361 Allegations of embezzlement at a cooperative bank involve the senior accounts official transferring large sums to a real estate developer and a third party; arrests have been made and the complaint has been sent to the Economic Offences Wing. The misconduct came to light after a regulatory inspection found cash shortages, triggering scrutiny of why audits and internal controls failed to detect the alleged diversion over several years and whether funds were used for project-related loans or personal purposes. en-us Mon, 17 Feb 2025 22:01:03 +0530 Mon, 17 Feb 2025 22:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34361 Allegations of embezzlement at a cooperative bank involve the senior accounts official transferring large sums to a real estate developer and a third party; arrests have been made and the complaint has been sent to the Economic Offences Wing. The misconduct came to light after a regulatory inspection found cash shortages, triggering scrutiny of why audits and internal controls failed to detect the alleged diversion over several years and whether funds were used for project-related loans or personal purposes. News - Mon, 17 Feb 2025 22:01:03 +0530 https://www.taxtmi.com/news?id=34361