The Enforcement Directorate (ED) logo.
Credit: PTI File Photo
Shivamogga: Enforcement Directorate (ED) officials on Tuesday raided and inspected various places in Karnataka's Shivamogga as part of an investigation into the case of Rs 62.77 crore fake gold loan of District Cooperative Central Bank (DCC) here 9 years ago.
The raids took place in Shivamogga city and Kumsi.
When the fake gold ornaments deposit case came to light in 2014, the current chairman of DCC Bank R M Manjunatha Gowda was the chairman then also and was arrested.
The then ruling JD(S) and Congress transferred the case to the CID, which later gave a clean chit to Gowda.
The ED officials inspected the houses belonging to the then manager of the bank, Shobha, bank staff working at that time, car drivers and relatives of R M Manjunatha Gowda who is also chairman of Malnad Area Development Board. The assistance of the local police was sought during this.