Mangaluru: Officials from Enforcement Directorate (ED) and Income Tax (IT) department continue to check-out the documents, records of South Canara District Credit Cooperative (SCDCC) Bank at its head office in the city for the third day on Wednesday in connection with the Rs 386.65 crore deposit made within five days (from November 8 to 14) after demonetisation of currency notes in the denomination of Rs 500 and Rs 1000.

ED officials arrived on Monday to hold an inspection on the translations made after demonetisation. Subsequently on Tuesday, IT officials were also joined with ED and inspection is continuing at the head office of the bank located at Kodialbail in the city.

A team of experts including computer systems, banking and other experts verified the records on Tuesday until mid night and on Wednesday, the review of the documents was continued since early morning. The officials have obtained information on the deposits from the senior officers of the bank. The staff and officials have been kept in the main branch for further inquiry.

Police personnel from various police stations of the district have arrived at Kodialbail to provide necessary security to the ongoing check-out. Meanwhile, President of SCDCC Bank Dr MN Rajendra Kumar has said, the bank has been co-operating with the investigation team and has provided necessary documents to the team.