The Karnataka government has initiated a probe under Section 64 of the Karnataka Cooperative Societies Act, 1959, into alleged financial irregularities at a private bank in Udupi. Victims of the scam are demanding a forensic analysis of signatures to uncover the truth behind the fraudulent activities.
Nagendra Puttran, addressing the press on December 6, revealed, “On October 14, we presented evidence to the cooperative minister, highlighting fraudulent loans issued using forged documents and benami accounts for personal misuse. The government has now ordered a comprehensive inquiry.”
Puttran accused certain groups of trying to suppress their pursuit of justice, stating, “Attempts are being made to silence us and conceal the truth. However, this investigation has rekindled our hope for justice and accountability.”
The victims have also urged for a Special Investigation Team (SIT) to examine the matter thoroughly, especially concerning the suspicious circumstances of Subbanna’s suicide, which they believe is linked to the scam.
The press conference was attended by prominent local figures, including Kukkehalli gram panchayat member Naveen Salian, Prasad Kulal, and Deepak Shenoy, who joined the call for transparency and justice in the matter.
This investigation aims to bring accountability to the banking sector and deliver justice to the affected individuals.
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