High drama at Mohali bank over ‘inaction’ in bungling case

High drama was witnessed outside the Phase-2 branch of the SAS Nagar Central Co-operative Bank Limited today when an NGO made allegations of inaction in a case related to financial bungling in Sialba Majri branch in May 2024.

Punjab Against Corruption president Satnam Daun and members of Lok Hit Mission alleged that only the branch manager was under scrutiny, but others have gone scot-free.

"The bank has refunded Rs 3.25 crore to victims but at least 13-14 more cases of refund are pending," he said, adding that several instances of such bungling cases have come to fore in Sialba Majri and Gharuan but no action was taken.

Bank officials said it was an attempt to malign the reputation of bank as the accused has been arrested and the matter is in court for one year now. Officials said a separate departmental inquiry is also underway.