News > Two bank officials in Assam suspended for money laundering, probe on

Two bank officials in Assam suspended for money laundering, probe on

The branch manager and assistant manager of Assam Gramin Vikash Bank (AGVB) were suspended on allegations of financial fraud in the Madhapur branch in the Jorhat district. The treasurer of the bank was transferred from his post. It has been alleged that the bank officials siphoned crores of rupees using a few self-help groups. A specialised team of AGVB was sent from Guwahati to the Madhapur branch. They are set to conduct a detailed investigation.