I-T unearths Rs 1,000 crore ‘bogus spend’ by Karnataka cooperatives

The Income-tax department has detected ‘bogus’ expenditure of Rs 1,000 crore during recent search and seizure operations in certain cooperative banks in poll-bound Karnataka. “These cooperative banks have been found to be engaged in routing of funds of various business entities

Source: India News, Breaking News India, Top News Headlines from India – Oneindia