https://www.taxtmi.com/news?id=34614 Allegations detail multi year misappropriation of bank funds involving present and former executives and external associates; investigators have recorded statements from senior personnel and an auditor, arrested an accounts head and a developer allegedly paid with misappropriated funds, and registered offences framed as criminal breach of trust and criminal conspiracy. Regulators have imposed supervisory restrictions and superseded the bank's board, appointing an administrator to protect depositors and restore governance during the probe. en-us Wed, 19 Feb 2025 23:01:04 +0530 Wed, 19 Feb 2025 23:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34614 Allegations detail multi year misappropriation of bank funds involving present and former executives and external associates; investigators have recorded statements from senior personnel and an auditor, arrested an accounts head and a developer allegedly paid with misappropriated funds, and registered offences framed as criminal breach of trust and criminal conspiracy. Regulators have imposed supervisory restrictions and superseded the bank's board, appointing an administrator to protect depositors and restore governance during the probe. News - Wed, 19 Feb 2025 23:01:04 +0530 https://www.taxtmi.com/news?id=34614