ED conducts searches at ADC bank head office


Ahmedabad: The Enforcement Directorate today conducted searches at the head office of Ahmedabad District Co-operative (ADC) Bank and collected some documents related to their operations, agency officials said.

As per the official website of ADC Bank, BJP president Amit Shah is one of its directors.

“ED had conducted searches at ADC Bank’s head office on Ashram Road here today,” said an ED official attached to its zonal office.

Bank officials have confirmed the search was conducted and said they are extending full cooperation to the officials.

“ED officials today visited our bank. We have handed them over all the documents which they sought from us,” Chief Executive Office of ADC Bank, Mangilal Bahediya told PTI.

After demonetisation was announced last month, the RBI barred the district central cooperative banks (DCCB) from exchanging and depositing old Rs 1,000 and Rs 500 notes.

While some of the DCCB challenged the RBI’s decision in the Gujarat High Court, some approached the Supreme Court.