Bengaluru:The High Court on Monday observed that those who are guilty of the financial crisis of the Amanath Co-operative Bank Ltd will not be allowed to go scot-free.
While hearing a batch of petitions filed by bank account holders of Amanath Bank, Justice S Abdul Nazeer observed that the persons responsible for the crisis will be punished in accordance with law.
The case on Monday focused on how to recover the dues and loans advanced by the bank. The chorus of dozens of depositors who were present in court was to hand over the case to the CBI. The court asked for submission of the list of depositors to be submitted by the managing director of the bank.
The court was told that action was initiated to recover Rs 48 crore of dues and notices were issued to defaulters.
Justice S Abdul Nazeer asked the bank to recover the amount due from debtors/borrowers as far as possible by June 9, the next date of hearing. “No guilty person will go scot-free,” the judge said when a depositor broke down in the court. He said if necessary, a CID or CBI probe will be ordered to nail the culprits.