https://www.taxtmi.com/news?id=57083 Enforcement authorities arrested a former cooperative bank chairman and an ex-loan officer in an alleged large-scale fraudulent loan scheme involving sanctioning loans to shell companies, diversion of funds to insiders, and subsequent judicial remand. The investigation began with a police FIR alleging irregular loan sanctions, followed by parallel inquiries and search operations by a federal enforcement agency, which has examined multiple witnesses and alleges systematic siphoning of bank funds through numerous accounts in the names of firms and shell companies. en-us Fri, 26 Sep 2025 18:46:03 +0530 Fri, 26 Sep 2025 18:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=57083 Enforcement authorities arrested a former cooperative bank chairman and an ex-loan officer in an alleged large-scale fraudulent loan scheme involving sanctioning loans to shell companies, diversion of funds to insiders, and subsequent judicial remand. The investigation began with a police FIR alleging irregular loan sanctions, followed by parallel inquiries and search operations by a federal enforcement agency, which has examined multiple witnesses and alleges systematic siphoning of bank funds through numerous accounts in the names of firms and shell companies. News - Fri, 26 Sep 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=57083