New Delhi: The Enforcement Directorate (ED) has said that a former deputy vice president of the Kotak Mahindra Bank, two other staffers of the private lender, and an employee of the Panchkula (Haryana) municipal corporation defrauded the state of over Rs 100 crore.
The four allegedly perpetrated a fraud to "embezzle" the funds belonging to the state government department, the ED said.