₹100 crore fraud: ED probes Bengaluru’s Souharda banks for allegedly cheating 15,000 depositors

The Enforcement Directorate (ED) in Karnataka conducted raids at multiple locations in Bengaluru concerning a Rs 100 crore deposit scam involving Shushruti Souhardha Bank, Shruthi Souharda Bank, and Shree Lakshmi Souharda Bank. Promoters, N. Srinivas Murthy and his family, are accused of diverting deposits through unsecured loans, leading to NPAs and property purchases.