Madikeri: Amid reports that Kodagu DCC (District Central Co-operative) Bank head-quartered at Madikeri too is in the dock for extending loans to Harsha Sugars belonging to the brother of Congress leader and Belagavi MLA Lakshmi Hebbalkar, the Bank in a clarification on Friday denied giving loans to the Sugar Factory.
Addressing a press meet here yesterday, Kodagu DCC Bank President Kodandera Bond Ganapathy dismissed the allegations that the Bank has extended Rs.40 crore loans to Harsha Sugars owned by Lakshmi Hebbalkar’s brother in total violation of norms.
