Kotak Bank accused of fraud of ₹ 160 crore: Panchkula Municipal Corporation’s FD irregularities, the bank itself filed a complaint with the police.
Kotak Mahindra Bank is in controversy regarding fixed deposits (FD) worth crores of rupees of Haryana’s Panchkula Municipal Corporation. The bank has been accused of fraud of about ₹160 crore. After the matter came to light, the bank has lodged a formal complaint with the Panchkula Police and has started investigating the accounts in collaboration…