Bengaluru, Apr 11: The Enforcement Directorate arrested R M Manjunatha Gowda, former Chairman of a Karnataka-based cooperative bank, in connection with alleged financial irregularities amounting to Rs 63 crore at one of its branches.
The arrest follows a series of raids conducted by the ED across locations in Bengaluru and Shivamogga districts
Gowda was taken into custody under provisions of the Prevention of Money Laundering Act and produced before a special court in Bengaluru. The court remanded him to ED custody for 14 days
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