Malda Cooperative Bank Scandal: Authorities Abscond with Crores, Customers in Despair
West Bengal
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News18•22-01-2026, 16:20
Malda Cooperative Bank Scandal: Authorities Abscond with Crores, Customers in Despair
- •A cooperative bank in Bilaimari, Malda, has been found locked, with its manager and cashier absconding after allegedly embezzling crores of rupees from customers.
- •The Sahanaagar Cooperative Agricultural Development Society Limited is at the center of the scandal, affecting thousands of villagers' savings.
- •Manager Amit Kumar Mondal (son of Bilaimari Gram Panchayat head) and cashier Pranab Kumar Mondal (head's nephew) have been missing for seven months.
- •Customers claim approximately four crore rupees have been embezzled, with no resolution despite complaints to authorities.
- •Local MLA Samar Mukherjee stated that around five thousand people have been defrauded and urged the administration to take action.
Why It Matters: Malda cooperative bank officials absconded with crores, leaving thousands of customers in despair.
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