CID begins probe into DCC bank fraud

The Criminal Investigation Department (CID) team led by Superintendent of Police D C Rajappa initiated the probe into the case pertaining to financial irregularities in Ameer Ahmed Circle city branch of DCC bank here on Monday.

Shimoga Superintendent of Police Kaushalendra Kumar officially handed over the case to the CID following the State government order. The CID team recovered major documents relating to the fraud soon after taking charge of the case.

Rajappa visited the city branch of the bank where the fraud took place and verified the documents related to financial transactions.

He also interrogated some of the staff. However, Rajappa declined to comment anything on the investigation.

When the DCC Bank issue was raised by Leader of Opposition in Legislative Council K S Eshwarappa, the government had announced a CID probe into the case. Before the CID stepping in, the District Crime Investigation branch police team led by Jairaj had already made progress in the case by arresting 18 persons including DCC Bank president R M Manjunath Gowda, Shobha (city branch manager), the prime accused, and DCC Bank main branch general manager Nagabhushan.

Bail plea order today

The Second JMFC Court is likely to pronounce its order on bail application filed by Manjunath Gowda, Nagabhushan and others on August 12.