Kotak Bank Dy VP surrenders in ₹150 cr Municipal Corporation scam

The State Vigilance and Anti-Corruption Bureau (SV&ACB) on Wednesday took Kotak Mahindra Bank deputy vice-president Pushpender Singh into custody after he surrendered in connection with a ₹150 crore scam. Singh served as branch manager of Kotak Mahindra Bank in Sector 11, Panchkula, from where funds belonging to the Municipal Corporation, Panchkula, were allegedly siphoned off.