Sunday, July 25, 2021

ED arrests ex-MLA Vivek Patil in Rs 500 crore Karnala Bank scam

The Enforcement Directorate arrested Ex-MLA and a leader of Peasants and Workers Party Vivek Patil, in connection of over 500 crore rupees Karnala Bank scam. Patil, who is the Founder-Chairman of Maharashtra-based Karnala bank, was arrested last night.

Panvel-based Karnala Nagri Sahakari bank was put under withdrawal restrictions by the Reserve Bank of India in December 2019. Patil, on the pretext of granting loans, is accused of siphoning off money to various trusts.

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