<p>Shivamogga: Enforcement Directorate (ED) officials on Tuesday raided and inspected various places in <a href="https://www.deccanherald.com/karnataka-india">Karnataka's </a>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.</p><p>The raids took place in Shivamogga city and Kumsi.</p><p>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. </p>.Bhovi Corporation scam: CID arrests ex-MD's sister, who 'got Rs 1.25 cr of swindled money'.<p>The then ruling JD(S) and Congress transferred the case to the CID, which later gave a clean chit to Gowda.</p><p>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.</p>
<p>Shivamogga: Enforcement Directorate (ED) officials on Tuesday raided and inspected various places in <a href="https://www.deccanherald.com/karnataka-india">Karnataka's </a>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.</p><p>The raids took place in Shivamogga city and Kumsi.</p><p>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. </p>.Bhovi Corporation scam: CID arrests ex-MD's sister, who 'got Rs 1.25 cr of swindled money'.<p>The then ruling JD(S) and Congress transferred the case to the CID, which later gave a clean chit to Gowda.</p><p>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.</p>