In July 2025, _____ was arrested in connection with the Andaman and Nicobar State Cooperative Bank Limited (ANSCBL) loan irregularities case.
Show answer & explanation
Correct answer: B
Explanation
Andaman and Nicobar State Cooperative Bank (ANSCBL) Case -
In July 2025, the Anti-Corruption Unit of the Andaman and Nicobar Islands arrested Kuldeep Sharma in connection with loan irregularities and alleged financial fraud.
The case relates to widespread loan irregularities at the Andaman and Nicobar State Cooperative Bank Limited (ANSCBL).
Kuldeep Sharma, who held top management/decision positions at the bank, was accused of bypassing regulations and sanctioning loans worth crores of rupees to ineligible individuals and entities.
Investigation: The arrests were made after central investigative agencies and local authorities found serious discrepancies in the bank's audit and financial records.