Mangaluru: Following an allegation on South Canara District Central Cooperative (SCDCC) Bank by some media houses that the bank has Rs 300 crore in many of its fake accounts, SCDCC Bank Chairman M N Rajendra Kumar said that he is seeking legal opinion from experts to file defamation cases against the media houses in question.

Clearing the air behind the total of Rs. 386.65 crore deposited in the bank after demonetization, Rajendra Kumar addressed a press conference and said, “A total of Rs. 386.65 crore was deposited between November 10 and 14 by 1166 co-operative societies. There were a 1062 Jan Dhan account holders out of which only 42 of them had deposited Rs. 72 lakh in total between November 8 and 14.”

Rajendra Kumar also mentioned that the SCDCC Bank has been functioning according to the rules of the Reserve Bank of India. “We stopped accepting demonetized notes on the day that the RBI had directed us to stop. The bank has not promoted any sort of illegal transactions as it stuck to the rules of the RBI,” he claimed.

Concluding the conference, he said that the bank is ready to undergo any probe from Income Tax, Enforcement Directorate or Central Bureau of Investigation on the same regard.

Couple of days ago, a television channel in particular aired a programme stating that Kumar has been the chairman of the SCDCC bank for over one decade and that he is conveniently running ‘The Swiss Bank of India’.