Archive · 9 Jun 2025

Andaman Bank Loan Irregularities: Police Unearth Shell Companies

Andaman Bank Loan Irregularities: Police Unearth Shell Companies

Imagine a bank that gave out loans.

Some of these loans might have been given out in a way that wasn't right, like maybe to companies that didn't really need them or couldn't pay them back.

The police are now looking into this.

They found some companies that seem suspicious and have frozen their bank accounts.

These companies are called 'shell companies', and they might have been used to hide something.

The police have also found some unpaid loans.

The bank's boss is telling everyone not to worry, that the bank is still safe.

The police are still asking questions to people to find out exactly what happened.

Sources