 "lakshmi vilas bank")
The Economic Offences Wing in New Delhi has registered a First Information Report (FIR) against members of the Lakshmi Vilas Bank (LVB) board.
The FIR was filed under 'Complaint for offences of cheating, criminal breach of trust by banker, criminal misappropriation, and criminal conspiracy under the Indian Penal Code,1860' against the directors of the LVB board, Connaught Place, New Delhi among others.
It is based on a complaint filed by Religare Finvest (RFL), pertaining to adjustment of their deposits against the dues of RHC Holding and Ranchem. The Bank said it is considering appropriate legal measures to counter the same.
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