Bengaluru bank faces fresh fraud allegations over mortgaged properties

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New fraud allegations have surfaced concerning Sri Guru Raghavendra Sahakara Bank Niyamitha and properties used as collateral. Some of these properties were reportedly still embroiled in ongoing financial disputes when they were sold to buyers who were unaware of the problems. The bank does not have reliable records on these properties, which makes it difficult to establish who owns them and what they are worth. An association representing affected homeowners has called on the bank to stop taking any further action that could harm their interests.

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