(Representative Pic)  |  Photo Credit: iStock Images
- The bank was put under withdrawal restrictions by RBI in December 2019
- Ex-MLA Vivek Patil is the founder-chairman of the Panvel based bank
- The bank has around 40,000 depositers
Mumbai: The Enforcement Directorate (ED) has arrested Vivek Patil, Ex-MLA (Peasants and Workers Party) and founder-chairman of Maharashtra-based Karnala bank in the Rs 513 crore Karnala bank scam. The arrest was made on Tuesday night.
Panvel-based Karnala Nagri Sahakari bank was put under withdrawal restrictions…