BLR Today
Saturday, 17 October 2026Local news from Bengaluru, neighbourhood by neighbourhood

Protest held at bank over alleged misuse of funds, demanding investigation and action

Protest held at bank over alleged misuse of funds, demanding investigation and action
Image: Prajavani

Leaders of the Samana Manaskara Vedike held a protest in front of the bank on Friday, demanding a comprehensive investigation into the alleged misappropriation of funds at the Mathoshri Hemaraddi Mallamma Souharda Cooperative Bank. They also demanded a criminal case against those responsible for the suicide of the bank's president, Basanagowda Patil Marakal. The protest highlighted that the bank's management board allegedly misused ₹16.5 crore, and demanded immediate repayment of funds to depositors.

Originally reported by Prajavani Summarised from the source’s public news feed without altering the facts. Read the original report for the full story.
BengaluruProtestBanking FraudFinancial Mismanagement