ACB checks on co-operative bank in multi-crore TDR scam

ACB checks on co-operative bank in multi-crore TDR scam

ACB sleuths search the premises of a co-operative bank in Bengaluru

Probing further into the multi-crore Transferable Development Rights (TDR) scam, the Anti-Corruption Bureau (ACB) officials on Thursday visited a prominent co-operative bank in the Central Bengaluru District for verification of various types of bank transactions. 

According to sources in ACB, the bank has been identified as Banashankari Mahila Co-Operative Bank located near Hudson Circle in Cubbon Pet. Commenting on the investigation, M Chandra Sekhar, Additional Director General of Police, ACB told media persons that several TDR related transactions were carried out at the bank and ACB officials have been verifying the bank transaction records. 

"We had information on various transactions that happened at the co-operative bank pertaining to TDR irregularities. The transactions were carried out over a period of five years and we have been verifying the records which may further help our investigations in the case," Chandra Sekhar said. 

Replying to a question, he said that ACB had accessed several files in connection with the case and we are waiting for the BBMP authorities to submit even more documents and details. The ACB sleuths have been questioning many accused in the case as part of the investigation. 

The officials at the Banashankari Mahila Co-operative Bank speaking to DH confirmed that ACB officials have visited the bank and have been verifying various transaction details.