Money Laundering Case Of D K Shivakumar

Today’s World is filled with frauds and scams many people suffer by falling in to this and they don’t know how to overcome from the situations. In the last blog we talk about the PMC Bank and this also related to Banking sector.

This case happened in the Karnataka Co-op Bank and in this case we will more concentrated about some ethical issues.

 
Introduction to the Case

Firstly, let me introduce with the case. This is case regarding the Karnataka MLA D K Shivakumar who have involved in money laundering case. The victim has caught on 3^rd September 2019 and has been taken in the custody. Nearly a year ago the D K Shivakumar took loan from Karnataka Co-op Bank for his some of his sugar factories and he had never paid any amount to the bank later they found that he was doing money laundering. The officials have also found out another thing that the president bank K N Rajanna is also involve in this case.

As we all know that banks

run for the welfare of the society. But in this case it was totally different, when the president bank is corrupted then think about their lower officials. How bank can choose a corrupted president to take care of the organisation. We hear very few cases but there many case in India which are unknown. We will fall into dilemma weather to believe a company or not, after seeing and listening all will customer of bank might react.

When I heard this news in dilemma that how will compete with other nations. Not only this the 80% world slowdown is due to slowdown in the India said the IMF (International Monetary Fund). After this news one question comes into mind, we elect political leader to solve social problems do you think the problems got solved?

Lets, leave about the politician and talk about the bank. This news didn’t come forward until the president had surrender him self to the PLMA. If he didn’t surrender then we used listen Bank has been uplifted. So, I want to convey one message to everyone be careful when you are going to take any decision we should think about the future circumstances.