After the Rs 150-crore scam was uncovered in accounts of the Municipal Corporation (MC), Panchkula, maintained with Kotak Mahindra Bank’s Sector 11 branch, the bank said it has filed a complaint with the Haryana Police.It is learnt that the police may not entertain the bank’s complaint as the matter is already under investigation by the State Vigilance and Anti-Corruption Bureau (SV&ACB), Haryana.This is the second bank-related scam being dealt with by the Haryana government after the Rs 590-crore case involving IDFC First and AU Small Finance Bank frauds.Related news: Kotak Mahindra Bank files complaint in Rs 150-crore Panchkula civic scam, probe under wayHaryana Chief Secretary Anurag Rastogi, who heads the Vigilance Department, on March 24 directed the SV&ACB to file a case and initiate further investigation.In a statement, Kotak Mahindra Bank said, “Following instructions from the Municipal Corporation of Panchkula, Kotak Mahindra Bank initiated a detailed reconciliation of fixed deposits and linked bank accounts maintained by the Municipal Corporation.”It added, “Based on records examined so far, all account opening processes, KYC documentation, authorised signatories and instructions received from the Municipal Corporation were found in order, and that the accounts and transactions were handled in strict adherence to due process and applicable banking norms. A significant portion of the amounts under review has already been reconciled with the Municipal Corporation, and the reconciliation process is continuing in an orderly manner.”The statement further said, “Further, in keeping with its governance standards and to ensure that the matter is examined independently and comprehensively, the Bank has filed a formal complaint with the Panchkula Police. The Bank is cooperating fully with the Municipal Corporation, government authorities, and law enforcement agencies in this process.”