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Business
Shahdol Co‑operative Bank CEO Suspended Over Financial Irregularities
✍️ Amar Ujala · Madhya Pradesh
🗓 23 Jul 2026, 02:09 PM
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Santoshi Kumar Yadav, CEO of Shahdol District Co‑operative Central Bank, has been suspended effective immediately after preliminary investigation found credible evidence of serious financial irregularities.
The CEO of Shahdol District Co‑operative Central Bank, Santoshi Kumar Yadav, was suspended on Monday following a preliminary investigation that uncovered serious financial irregularities.
The suspension came after the bank’s internal audit flagged discrepancies in the handling of funds, prompting a formal review.
The bank’s board released a statement saying the decision was taken “in the interest of maintaining public trust” and that an external probe would be launched.
Yadav has denied any wrongdoing and has said he will cooperate with the investigation.
The suspension came after the bank’s internal audit flagged discrepancies in the handling of funds, prompting a formal review.
The bank’s board released a statement saying the decision was taken “in the interest of maintaining public trust” and that an external probe would be launched.
Yadav has denied any wrongdoing and has said he will cooperate with the investigation.