(Representative Pic)&nbsp | &nbspPhoto Credit:&nbspiStock Images

Key Highlights

  • 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…

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