Koraput Central Co-operative Bank manager suspended in Rs 1.07cr financial scam
A financial scam exceeding Rs 1.07 crore has led to the suspension of Subhendu Khara, former manager of Koraput Central Co-operative Bank 's Malkangiri branch. Preliminary findings revealed serious irregularities and misappropriation of funds, with LAMPS branches allegedly bypassing proper procedures to hand over cash directly to Khara, who issued fake receipts. A detailed investigation is ongoing.