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Police act on court order, file FIR against Chairman and six others of MCC Bank

Police act on court order, file FIR against Chairman and six others of MCC Bank

Mangalore Today News Network

Mangaluru, September 24, 2022: In the continuing saga of a group of stakeholders led by social activist Gerard Towers who have taken up a determined campaign against the alleged malpractices of the incumbent management of Mangalore Catholic Cooperative Bank Ltd. (MCC Bank), the city’s Cyber, Economic and Narcotics Crime Police have executed a court directive to register a First Information Report (FIR) against the bank’s Chairman and six others.


Responding to a private complaint filed by some senior members of MCC Bank Ltd., against the Chairman, a director, some customers and the General Manager of the bank on July 14th, 2022, the Court of the 2nd Additional Senior Civil Judge and Chief Judicial Magistrate, Mangalore, had recently directed the Cyber, Economic and Narcotics Crime Police Station, Mangaluru, to file an FIR and investigate the charges, said a media release issued by Steeven D’souza, one of the complainants.

The complainants (1) Gerard Towers, (2) Steeven D’souza and (3) Eugene Lobo had filed a complaint against (1) Anil Kumar Lobo, Chairman, (2) Savil Prakash Mascarenhas; (3) Elias Sanctis; (4) Benedict Ivan D’Souza; (5) Anna Maria Lobo; (6) Joseph M. Anil Patrao, Director; and (7) Sunil Menezes, General Manager under Section 200 of criminal procedure accusing them of corruption, bribery, money laundering and violation of RBI norms and violation of the KCR Act.

MCC Bank

In compliance with the court directive, the CEN police have on 9th September 2022 filed an FIR against all the accused persons under Sections 403, 405, 409, 418, 120B and 34 of the IPC 1860.

Several members of the bank represented by the complainants have been flagging gross violations of RBI norms and noncompliance with the KCR Act by the Chairman, Anil Kumar Lobo, and others with the active connivance of the General Manager (IC), Sunil Menezes. They had earlier complained to the Reserve Bank of India, the Registrar of Co-operative Societies, the concerned state ministers, people’s representatives and the Leader of the Opposition, the media release stated.

In view of the court-directed FIR, the complainants are hopeful of getting justice and that a thorough investigation and charge sheet will reveal all the misdeeds of the accused persons and safeguard the best interests of this century-old bank, the release added.

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