Two Ex-Co-op Bank Officials Arrested for Misappropriating Government Funds

Some grown-ups who used to work at a bank in India did something they were not supposed to do.

The police say they secretly made fake loans using money that belonged to bank customers.

The customers had saved their money in something called fixed deposits, and they did not know the loans were being made.

This went on for several years, from 2019 to 2024.

In the end, a very large amount of money was missing.

The police arrested two people who used to work at the bank.

They think three more people who worked there helped too.

The police are still trying to find out everything that happened.

In a different town, another person who worked at a village savings group was also arrested.

That person is also accused of losing a lot of money.